Fantastic Investment Opportunity conveniently located near the Division/Hawthorne area. 4 units consist of 2- 2 bedroom, two-story units AND 2- 1 bedroom units. Total of 6 Bedrooms/4 Baths. Nicely updated kitchen and baths and LVT flooring throughout. The previous owner did electrical and plumbing updates. On-site coin operated laundry for addition revenue to new owner. Close to local shopping. Drive by is ok, but do not go on property or disturb tenants. Currently being managed by a property management company. Photos are from previous rental listing. Any offer must be made contingent on interior inspection. Owner is a license agent in the state of Oregon.
MORE RealtyBrokerage Phone: 503-858-2478License #201206857Listed on: 08/26/2024
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$10,180
Year Built
Built in 1951 | Remodeled
Lot Details
4,791 Sq Ft Lot
Level Lot
Parking
1 Car Garage
Carport
Home Design
Composition Roof
Lap Siding
Interior Spaces
2,815 Sq Ft Home
2-Story Property
City Views
Finished Basement
Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
6 Bedrooms
4 Bathrooms
Schools
Grout Elementary School
Hosford Middle School
Cleveland High School
Utilities
Mini Split Air Conditioners
Mini Split Heat Pump
Electric Water Heater
Listing and Financial Details
Assessor Parcel Number R328201
Community Details
Overview
No Home Owners Association
4 Units
Amenities
Laundry Facilities
Building Details
Operating Expense $17,000
Gross Income $65,220
Net Operating Income $49,000
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$10,180
Year Built
Built in 1951 | Remodeled
Lot Details
0
Parking
1
Listing Details
Standard Status: Active
MLS Status: Active
Property Type: MultiFamily
Stories: 2
Year Built: 1951
Property Condition: UpdatedRemodeled
Property Attached Yn: No
Open House: No
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Basement: Finished, FullBasement
Total Bedrooms: 6
Lot Size Range: SqFt3000to4999
Exterior Features
Exterior Description: LapSiding
Lot Size: 3,000 to 4,999 SqFt
View: Yes
Lot Features: Level
Road Surface Type: Paved
Roof: Composition
View: City
Garage/Parking
Parking Description: Carport, Paved
Attached Garage: No
Garage Spaces: 1.0
Total Parking Spaces: 4.0
Utilities
Fuel Description: Electricity
Hot Water: Electricity
Cooling: MiniSplit
Cooling Y N: Yes
Heating: MiniSplit
Heating Yn: Yes
Sewer: PublicSewer
Water Source: PublicWater
Condo/Co-op/Association
Community Features: Laundry
Association: No
Schools
Elementary School: Grout
High School: Cleveland
Middle Or Junior School: Hosford
Lot Info
Zoning: Multi
Lot Size Acres: 0.11
Lot Size Sq Ft: 4791.0
Parcel #: R328201
Green Features
Green Certification: No
Rental Info
Rent Includes: Sewer, TrashCollection, Water
Tax Info
Tax Deferral: No
Tax Year: 2024
Tax Annual Amount: 10179.62
Multi Family
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
Number Of Units Total: 4
Gross Rent Multiplier: 12.94
Annual Gross Income: 65220.0
Property Net Operating Income: 49000.0
Annual Operating Expense: 17000.0
Map
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
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