NOT LISTED FOR SALE
26 Beds
13 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold December 20, 2019

Last sale price $550,000

52 Days on Market

About This Home

As of December 2019

Turnkey investment! This 13 unit vintage building in Auburn Gresham has been well maintained with recent updates to the apartments including kitchens, baths and hardwood floors. A new boiler was installed winter 2018, rehabbed porches and lentils. The roof was re-coated 2 years ago. 12 of the 13 units are occupied. Margin to increase some rents that are as low as $700 for longer term tenants. More recent rentals have been at $850-$950.

Last Agent to Sell the Property

Jennifer Knight

MetroPro Realty LLC License #475154820 Listed on: 06/04/2019

Last Buyer's Agent

Zakia Clayton

Middleton Realty Group Inc License #475148174

Property Details

Home Type

  • Multi-Family

Year Built

  • 1926

Lot Details

  • 6,970

Home Design

  • Brick Exterior Construction

Community Details

  • Fuel Expense $10,243
  • Insurance Expense $10,937

Listing and Financial Details

  • Tenant pays for electric
  • $27,500 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1926

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2018
  • Net Oper Income: 65554
  • Repairs Decor Expense: 3450
  • Scavenger Expense: 1944
  • Total Annual Exp: 54446
  • Total Annual Income: 120000
  • Total Monthly Income: 10000
  • Number of Ranges: 13
  • Number Of Refrigs: 13
  • Number Of Stories: 3
  • Estimated Year Built: 1926
  • Type Multi Family: Courtyard
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1926

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 0.16
  • Construction: Brick

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heatventilation: Central Bldg Heat, Radiators
  • Water Expense: 11822

Condo/Co-op/Association

  • Units in Building: 13

Fee Information

  • Electricity Expense: 752
  • Janitor Expense: 4200

Lot Info

  • Lot Dimensions: 7306
  • Parcel Identification Number: 20293200250000

Rental Info

  • Gross Rental Income: 120000
  • Tenant Pays: Electric

Multi Family

  • Fuel Expense: 10243
  • Insurance Expense: 10937
  • Other Expenses: 800

Tax Info

  • Taxes: 10298

Range of Values:

Collateral Analytics

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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
12/20/2019 12/20/19 Sold $550,000 -10.6% --
07/26/2019 07/26/19 Pending -- -- --
06/04/2019 06/04/19 For Sale $615,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10404727

Midwest Real Estate Data (MRED)

APN: 20293200250000