$2,800,000
NEW CONSTRUCTION $100K PRICE DROP

Estimated payment $16,580/month

Total Views 269
6 Beds
6 Baths
7,065 Sq Ft
$396 Price per Sq Ft

Highlights

  • New Construction
  • Level Lot
  • Mini Split Heat Pump
  • Cooling Available

About This Home

A newly constructed property in the Cully neighborhood, boasting a contemporary design aesthetic, is fully rented out and presents a fantastic investment opportunity. This turnkey property offers the added advantage of a completed condo plat, allowing the new owner to finalize and file the necessary documents to convert the units into individual condos at any time, providing flexibility and potential for increased returns.

Listing Agent

Kenneth Avery

eXp Realty, LLC Brokerage Phone: 971-506-9970 License #200707038 Listed on: 06/25/2024

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,000

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 10,454 Sq Ft Lot
  • Level Lot

Parking

  • Paved Parking

Home Design

  • Composition Roof
  • Cement Siding

Interior Spaces

  • 7,065 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Schools

  • Rigler Elementary School
  • Beaumont Middle School
  • Leodis Mcdaniel High School

Utilities

  • Cooling Available
  • Mini Split Heat Pump
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R197589

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $10,960
  • Gross Income $218,040
  • Net Operating Income $192,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,000

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2024
  • Property Condition: NewConstruction
  • Property Attached Yn: No
  • Open House: No
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 6
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Paved
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: MiniSplit
  • Cooling Y N: Yes
  • Heating: MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Rigler
  • High School: Leodis McDaniel
  • Middle Or Junior School: Beaumont

Lot Info

  • Zoning: RM1
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10454.0
  • Parcel #: R197589

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 15000.0

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 8
  • Gross Rent Multiplier: 12.84
  • Annual Gross Income: 218040.0
  • Property Net Operating Income: 192080.0
  • Annual Operating Expense: 10960.0

Map

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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
08/06/2025 08/06/25 For Sale $2,800,000 0.0% $396 / Sq Ft
07/01/2025 07/01/25 Off Market $2,800,000 -- --
07/10/2024 07/10/24 Price Changed $2,800,000 -3.4% $396 / Sq Ft
06/27/2024 06/27/24 For Sale $2,900,000 0.0% $410 / Sq Ft
06/27/2024 06/27/24 Off Market $2,900,000 -- --
06/25/2024 06/25/24 For Sale $2,900,000 -- $410 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24237499

Regional Multiple Listing Service (RMLS)