$1,075,000
SOLD OCT 31, 2024
-- Bed
-- Bath
9,903 Sq Ft
0.88 Acres

Recently Sold

$109 Per Sq Ft

23% Below List Price

24 Days on Market

Highlights

  • 0.88 Acre Lot
  • 7 Car Garage
  • Wood Siding
  • Forced Air Zoned Heating System
  • Level Lot

About This Home

As of October 2024

Huge investment opportunity! Professionally managed property consists of solid mid-century home and separate townhouse style 5-plex built in 2005. Townhouse units are 3 bedroom, 2 bath units with W/D in-unit. Eating area off kitchen and slider to private patio space. Attached garage and additional parking for each unit. SFH is 4+ bedroom with 3 full bathrooms. Built in 1950 with over 3,500 SF featuring formal dining room, family room, partially finished basement with 2nd family room, wet bar and separate entrance. Covered patio and detached double garage. Tons of parking on property and large lot in back with development potential. Buyer to verify all information.

Last Agent to Sell the Property

Nikki del Giudice

Farrell Realty & Property Management, Inc Brokerage Email: info@farrellrealty.com License #200710231 Listed on: 08/08/2024

Last Buyer's Agent

Misty Fisher

Premiere Property Group, LLC License #201206839

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,867

Year Built

  • Built in 2005

Lot Details

  • 0.88 Acre Lot
  • Lot Dimensions are 100x203
  • Level Lot
  • Cleared Lot

Parking

  • 7 Car Garage
  • Driveway

Home Design

  • Composition Roof
  • Wood Siding
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 9,903 Sq Ft Home
  • 2-Story Property

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Schools

  • Gilbert Park Elementary School
  • Alice Ott Middle School
  • David Douglas High School

Utilities

  • No Cooling
  • Forced Air Zoned Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R201374

Community Details

Overview

  • 6 Units
  • Powellhurst Gilbert Subdivision
  • Property managed by Jeff Rhoades

Building Details

  • Operating Expense $58,860
  • Gross Income $148,620
  • Net Operating Income $89,760

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,867

Year Built

Built in 2005

Lot Details

0

Parking

7

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2005
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace, FullBasement, PartiallyFinished
  • Storage: Basement,Garage
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: CementSiding,WoodSiding
  • Lot Size: 20,000 SqFt to .99 Acres
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Cleared, Level
  • Road Surface Type: Concrete, Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 7.0
  • Total Parking Spaces: 12.0

Utilities

  • Fuel Description: Electricity,Gas
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir, Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Jeff Rhoades
  • Management Phone: 503-349-4440

Schools

  • Elementary School: Gilbert Park
  • High School: David Douglas
  • Middle Or Junior School: Alice Ott

Lot Info

  • Zoning: RM1
  • Lot Size Acres: 0.88
  • Lot Size: 100x203
  • Lot Size Sq Ft: 38332.0
  • Parcel #: R201374

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 17866.79

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 9.39
  • Annual Gross Income: 148620.0
  • Property Net Operating Income: 89760.0
  • Annual Operating Expense: 58860.0

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Range of Values:

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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
10/31/2024 10/31/24 Sold $1,075,000 -22.9% $109 / Sq Ft
09/01/2024 09/01/24 Pending -- -- --
08/08/2024 08/08/24 For Sale $1,395,000 -- $141 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24059581

Regional Multiple Listing Service (RMLS)

APN: 1S2E14CD 01000