NOT LISTED FOR SALE
8 Beds
6 Baths
3,351 Sq Ft
0.46 Acres

Last Sold October 27, 2023

Last sale price $990,000 $295 Per Sq Ft

18 Days on Market

Highlights

  • 0.46 Acre Lot
  • Deck
  • 4-minute walk to Sunset Park
  • Sunset Primary School Rated A
  • Laundry Facilities

About This Home

As of October 2023

Welcome to the Mt. View Cottages, a rare public offering of a 6-unit apt complex that presents an opportunity to buy an established complex with strong in-place income & proven upside. 3 separate duplexes on one parcel. 3 units have recently been renovated. Exceptionally located, walking distance to Sunset Elementary, West Linn High School, & numerous parks and nature reserves. Current cap rate of +/-4.89% with proforma cap rate of +/-5.72%. (2) 562 SF 2bed/1bath units and (4) 557 SF 1bed/1bath units

Last Listed By

Ashley Lacer

LAND AND WILDLIFE LLC tm, EXCLUSIVE PARTNER OF LANDLEADER tm License #201232307 Listed on: 09/15/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,110

Year Built

  • Built in 1942

Lot Details

  • 0.46

Home Design

  • 3,351 Sq Ft Home
  • Composition Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • Deck
  • 0.46 Acre Lot

Community Details

Overview

  • 6 Units
  • Mt. View Cottages Community

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $1,809
  • Maintenance Expense $4,690
  • Trash Expense $1,464
  • Water Sewer Expense $10,112
  • Operating Expense $35,141
  • Net Operating Income $55,826

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,110

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Syndicated Remarks: Welcome to the Mt. View Cottages, a rare public offering of a 6-unit apt complex that presents an opportunity to buy an established complex with strong in-place income & proven upside. 3 separate duplexes on one parcel. 3 units have recently been renovated. Exceptionally located, walking distance to Sunset Elementary, West Linn High School, & numerous parks and nature reserves. Current cap rate of +/-4.89% with proforma cap rate of +/-5.72%. (2) 562 SF 2bed/1bath units and (4) 557 SF 1bed/1bath units
  • Miscellaneous: 1065
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Refrigerator: Refrigerator Included
  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Laundry: Laundry Center
  • Price Per Sq Ft: 295.43
  • Source Of Sq Ft: Owner
  • Price Per Sq Ft: 343.18

Exterior Features

  • Patio: Deck
  • Roof: Composition

Utilities

  • Water: City
  • Garbage: 1464
  • Insurance: 1809
  • Sewer: City
  • Water/Sewer: 10112

Condo/Co-op/Association

  • Maintenance: 4690
  • Mgmt Acct: 7807

Lot Info

  • Acres: 0.46
  • Estimated Lot Sq Ft: 20038
  • Price Per Acre: 2500000
  • Property Name: Mt. View Cottages
  • Property Use Type: Investment
  • Geo Subdivision: OR

Rental Info

  • Total Expenses: 35141

Tax Info

  • Tax Years: 2022
  • Tax Account Number: 00411218
  • Tax Amount: 6110

Multi Family

  • Additional Land Available: 93795
  • Net Income: 55826
  • Gross Sched Income: 108111
  • Number Of Units: 6

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2023 10/27/23 Sold $990,000 -13.9% $295 / Sq Ft
10/03/2023 10/03/23 Pending -- -- --
09/28/2023 09/28/23 Price Changed $1,150,000 -4.2% $343 / Sq Ft
09/15/2023 09/15/23 For Sale $1,200,000 +84.6% $358 / Sq Ft
10/30/2017 10/30/17 Sold $650,000 -6.5% $197 / Sq Ft
09/01/2017 09/01/17 Pending -- -- --
06/08/2017 06/08/17 For Sale $695,000 +135.6% $211 / Sq Ft
10/29/2014 10/29/14 Sold $295,000 0.0% --
07/31/2014 07/31/14 Pending -- -- --
07/28/2014 07/28/14 For Sale $295,000 -- --
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Willamette Valley MLS

MLS Number: 809564

Willamette Valley MLS

APN: 21E36AA04200