MLS# 24013150 – 11845 Sw 5th St, Beaverton, OR 97005 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of John L. Scott.

Property Description

Description

4 Units

Status: Pending

Year Built: 1957

Days on Website: 64

This 4-unit multi-family property located in a prime location is a fantastic investment opportunity with long term tenants providing immediate rental income. This property boasts upside potential for the savvy investor with a value-add opportunity with strategic improvements to increase both rents and overall property value. Each unit has an off-street parking space and is conveniently located near mass transit and shopping. This is an ideal opportunity for a non-owner or owner occupant investor to secure a property with stable cash flow and the potential for significant future appreciation.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

3156

Built in 1957

Storage:

Attached

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Expenses

Operating Expense Scheduled:

22695

Operating Expense:

$18,087

Exterior Features

Exterior Description:

Cedar

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

2.69

Gross Income:

$41,640

Gross Rent Multiplier:

21.01

Gross Scheduled Income:

$57,600

Net Operating Income:

$23,553

Net Scheduled Income:

34905

Listing

Contract Status Change Date:

2024-11-19

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-11-20 15:26:40

List Price:

$874,900

Listing Contract Date:

2024-09-19

Listing Id:

24013150

Mls Status:

Pending

Modification Timestamp:

2024-11-20 15:26:40

Off Market Date:

2024-11-19

On Market Date:

2024-09-19

Purchase Contract Date:

2024-11-19

Rent Includes:

MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_150

County Or Parish:

Washington

Lot

Size Acres:

0.25

Size Range:

SqFt10000to14999

Size Square Feet:

10,890

Size:

10,000 to 14,999 SqFt

Parking

Features:

Driveway,OnStreet

4 total parking spots

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

RC-OT

Roof

Roof:

Composition

Schools

High School:

Beaverton

Middle Or Junior School:

Whitford

Elementary School:

Raleigh Hills

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,564

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$970

Area:

906

Features:

Range,Refrigerator,WasherDryer,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$865

Area:

750

Features:

Range,Refrigerator,WasherDryerHookup,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$805

Area:

750

Features:

Range,Refrigerator,Storage

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$890

Area:

750

Features:

Range,Refrigerator,Storage,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$874,900 -

11845 Sw 5th St Beaverton , OR 97005

MLS Area Major: _150

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.