MLS# 22555570 – 2717 Sw 2nd Ave, Portland, OR 97201 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of John L. Scott.

Property Description

Description

4 Units

Status: Active

Year Built: 1900

Days on Website: 367

Updated 4 plex investment property with potential for room to grow. Zoned CM2. More units possible to be built in the backyard area. Also, 40 x 20ft attic space with 12ft high vaulted ceilings all perfect for future growth. Consistently 100% occupied. All units come equipped with a Washer/Dryer, built-in microwave, range and refrigerator, hardwood floors throughout, large windows, updated kitchens and baths, full basement with tons of storage space and a great backyard. Only 1.5 blocks from Lair Hill Park. 85 walk/bike/transit score.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

FullBasement,Unfinished

Building

Built in 1900

Storage:

Attic,Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Expenses

Operating Expense Scheduled:

25500

Operating Expense:

$17,980

Exterior Features

Exterior Description:

Cedar,LapSiding

Foundation

Foundation Details:

ConcretePerimeter,Slab

Heating

Heating Available

Heating:

Zoned

Income

CAP Rate:

5.64

Gross Income:

$91,200

Gross Rent Multiplier:

14.24

Gross Scheduled Income:

$100,800

Net Operating Income:

$73,220

Net Scheduled Income:

75300

Listing

Contract Status Change Date:

2023-11-20

Days On Market:

367

Last Transaction Date:

2024-10-03 09:38:31

List Price:

$1,299,000

Listing Contract Date:

2023-11-20

Listing Id:

22555570

Mls Status:

Active

Modification Timestamp:

2024-10-03 09:38:31

On Market Date:

2023-11-20

Previous List Price:

$1,398,000

Rent Includes:

TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_148

County Or Parish:

Multnomah

Lot

Size Range:

SqFt3000to4999

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

OnStreet

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

CM2

Roof

Roof:

Composition

Schools

High School:

Lincoln

Middle Or Junior School:

West Sylvan

Elementary School:

Ainsworth

Second Elementary School:

Other

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$10,073

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,950

Area:

800

Features:

Dishwasher,HardwoodFloors,Range,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,850

Area:

800

Features:

Microwave,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,950

Area:

800

Features:

Microwave,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,850

Area:

800

Features:

Microwave,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,299,000 -

2717 Sw 2nd Ave Portland , OR 97201

MLS Area Major: _148

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 12:47PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.