MLS# 24015781 – 5834 36 Se Vest Ln, Milwaukie, OR 97222 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Archibald Relocation.

Property Description

Description

2 Units

Status: Active

Year Built: 1930

Days on Website: 106

Sellers offering $7,500 towards rate buy-down or closing costs if offer received before 11/28/24!Updated duplex available on a spanning 3/4-acre peaceful flag lot. Opportunity abounds for multi-generational, live/rent, or for purely investment purposes. This is a rare find for the Milwaukie neighborhood. Plenty of room to stretch out and play or garden - the lot is completely fenced and has a detached 2-car garage, storage shed, and large gravel parking area that could easily be converted to boat or R/V parking. New 50-year roof, ext./int. paint, and a whole lot of TLC. Bring your imagination and come see this special property for yourself!

Property Details and Features

Property Access

Road Surface Type:

Gravel

Basement

Basement:

None

Building

Building Area Total:

1960

Built in 1930

Storage:

Garage,IndividualStorageUnits

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

WindowUnit

Expenses

Operating Expense Scheduled:

6500

Operating Expense:

$6,500

Exterior Features

Exterior Description:

Cedar,ShakeSiding

Foundation

Foundation Details:

ConcretePerimeter,Other

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Radiant

Income

CAP Rate:

2.55

Gross Income:

$36,912

Gross Rent Multiplier:

19.64

Gross Scheduled Income:

$48,000

Net Operating Income:

$18,456

Net Scheduled Income:

41500

Listing

Contract Status Change Date:

2024-08-07

Days On Market:

105

Last Transaction Date:

2024-11-04 02:43:05

List Price:

$725,000

Listing Contract Date:

2024-08-07

Listing Id:

24015781

Mls Status:

Active

Modification Timestamp:

2024-11-04 02:43:05

On Market Date:

2024-08-07

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_145

County Or Parish:

Clackamas

Lot

Features:

FlagLot,Private,Seasonal

Size Acres:

0.77

Size Range:

SqFt20000toAcres1

Size Square Feet:

33,541

Size:

20,000 SqFt to .99 Acres

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Garage,RVAccessParking

Possession

Possession:

Negotiable

Property

Number Of Units Total:

Property Condition:

Existing

Property View

Zoning:

R-MD

Roof

Roof:

Composition

Schools

High School:

Milwaukie

Middle Or Junior School:

Rowe

Elementary School:

Linwood

Security Features

Features:

SecurityLights

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,332

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,538

Area:

980

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Area:

980

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$725,000 -

5834 36 Se Vest Ln Milwaukie , OR 97222

MLS Area Major: _145

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 21, 2024 12:08AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.