MLS# 24024738 – 5013 Sw View Point Ter, Portland, OR 97239 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of J Residential Properties.

Property Description

Description

5 Units

Status: Active

Year Built: 1979

Neighborhood: South Portland

Days on Website: 85

Seller will carry a first position loan at terms to be provided! 6.12 Cap Rate! 5 Unit apartment community in the heart of SW Portland, John's Landing & South Portland neighborhood. Minutes to downtown Portland & ideal for owner occupy! The property's 1, 3 & 4 bedroom units feature large floor plans, fully equipped kitchens w/stainless appliances, fireplaces, A/C, in-unit washer & dryer, patios or balconies & attached garages. Photos of Unit 5017 is 1900 sq. ft. apartment w/4 bedrooms, 2.5 bathrooms & river views. Photos of Unit 5021 is 2200 sq. ft. apartment w/4 bedrooms, 2.5 bathrooms and 2 car garage.Minutes to mass transit, freeways, shopping & recreation. Seller financing available, terms to be provided upon request. Additional utility offset paid by tenants $44 per person in each unit. Currently is $704 per month. Most units are nicely updated. Do not disturb tenants, Showing subject to Buyer qualifications and acceptable offer.

Property Details and Features

Property Access

Road Surface Type:

Concrete

Basement

Basement:

Daylight,Finished

Building

Building Area Total:

8365

Built in 1979

Storage:

Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5

Cooling

Cooling Equipped

Cooling:

CentralAir,WallUnit

Expenses

Operating Expense Scheduled:

58146

Operating Expense:

$57,056

Exterior Features

Exterior Description:

Panel,T111Siding

Foundation

Foundation Details:

Block,ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

ForcedAir90,WallHeater

Income

CAP Rate:

6.12

Gross Income:

$164,100

Gross Rent Multiplier:

10.66

Gross Scheduled Income:

$182,274

Net Operating Income:

$107,044

Net Scheduled Income:

124128

Listing

Contract Status Change Date:

2024-08-27

Days On Market:

Last Transaction Date:

2024-08-27 14:12:54

List Price:

$1,750,000

Listing Contract Date:

2024-08-27

Listing Id:

24024738

Mls Status:

Active

Modification Timestamp:

2024-08-27 14:12:54

On Market Date:

2024-08-27

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_148

Subdivision Name:

SOUTH PORTLAND

County Or Parish:

Multnomah

Lot

Features:

Sloped

Size Acres:

0.23

Size Range:

SqFt10000to14999

Size Square Feet:

10,018

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

Leases,ProfitLossStatement

Parking

Features:

Garage,OffStreet

5 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Existing

Property View

Zoning:

Roof

Roof:

Composition

Schools

High School:

Ida B Wells

Middle Or Junior School:

Jackson

Elementary School:

Capitol Hill

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$20,256

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,485

Area:

630

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$2,425

Area:

1635

Features:

AirConditioning,Deck,Fireplace,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Unit Three

Actual Rent:

$2,995

Area:

1950

Features:

AirConditioning,Deck,Fireplace,WasherDryer

Units Total:

3 total bathrooms

4 total bedroom

Unit Four

Actual Rent:

$3,200

Area:

1950

Features:

AirConditioning,Deck,Fireplace,WasherDryer

Units Total:

3 total bathrooms

4 total bedroom

Unit Five

Actual Rent:

$3,475

Area:

2200

Features:

AirConditioning,Deck,Fireplace,WasherDryer

Units Total:

3 total bathrooms

4 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

$1,750,000 -

5013 Sw View Point Ter Portland , OR 97239

MLS Area Major: _148

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 20, 2024 12:46PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.