MLS# 24054682 – 3509 Se 72nd Ave, Portland, OR 97206 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of eXp Realty, LLC.

Property Description

Description

3 Units

Status: Active

Year Built: 1977

Neighborhood: Foster-powell Neighborhood

Days on Website: 4

This property features a tri-plex situated in an excellent location, conveniently positioned on a bus line and just minutes from I-205. Please note that there is no sign or lockbox on the premises. Showings will be conducted only upon acceptance of an offer, and all units are currently occupied. We kindly ask that you do not disturb the tenants.Each unit within this tri-plex comprises two bedrooms and one bathroom. All units underwent updates in 2021, including new laminate flooring and kitchen enhancements. The front lower unit boasts refinished hardwood floors, a decorative rock fireplace, and a patio with a small yard. The property offers easy access to downtown Portland, shopping, and I-205. Prospective buyers are encouraged to verify all information. Please be advised that the trustee, Risa Davis, is a licensed Realtor in Oregon.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

2442

Built in 1977

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Cooling

Cooling:

None

Expenses

Operating Expense Scheduled:

12000

Operating Expense:

$11,322

Exterior Features

Exterior Description:

WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

6.04

Gross Income:

$50,580

Gross Rent Multiplier:

12.85

Gross Scheduled Income:

$54,000

Net Operating Income:

$39,258

Net Scheduled Income:

66000

Listing

Contract Status Change Date:

2024-11-18

Days On Market:

Last Transaction Date:

2024-11-22 16:19:20

List Price:

$650,000

Listing Contract Date:

2024-11-18

Listing Id:

24054682

Mls Status:

Active

Modification Timestamp:

2024-11-22 16:23:10

On Market Date:

2024-11-18

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

FOSTER-POWELL NEIGHBORHOOD

County Or Parish:

Multnomah

Lot

Size Acres:

0.12

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

ProfitLossStatement,RentRecords

Parking

Features:

Driveway

3 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

RM2

Roof

Roof:

Composition

Schools

High School:

Franklin

Middle Or Junior School:

Kellogg

Elementary School:

Arleta

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$7,246

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,425

Area:

902

Features:

Dishwasher,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,395

Area:

770

Features:

Dishwasher,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,395

Area:

770

Features:

Dishwasher,HardwoodFloors,Range,Refrigerator

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

$650,000 -

3509 Se 72nd Ave Portland , OR 97206

MLS Area Major: _143

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.