MLS# 24116594 – 8780 Se Flavel St, Portland, OR 97266 – 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: 2019

Neighborhood: Edge O'town Villas

Days on Website: 120

Welcome to this stunning, large 3-unit property, built in 2019, offering an incredible investment opportunity. Featuring 9' ceilings, engineered hardwood floors, slab granite countertops, and an abundance of windows with breathtaking views, this property exudes modern elegance and is in excellent condition. Perfect for an owner-occupant seeking healthy additional income, this bright, newer, and inviting space promises comfort and style. Each unit boasts stainless steel appliances, ample storage, and two private balconies, making it an ideal living environment. The property includes two large upper units with gleaming, open kitchens, sunny bedrooms, and spacious living areas, and a third studio apartment that is cozy and efficient, perfect for additional rental income. Enjoy plenty of on-street, off-street, and garage parking, including a massive 1,000 sq ft garage and RV parking. The thoughtfully designed and thriving landscaping offers year-round beauty. This prime location provides easy access to the Springwater Corridor, perfect for commuting and outdoor activities. Equipped with a heat pump and mini split system, the property stays cool during the summer months. Constructed by the current owner, ensuring attention to detail and superior craftsmanship, this exceptional, one-of-a-kind property has been a fantastic investment and rents very well. Don't miss your chance to own this incredible income-generating property.

Property Details and Features

Property

Zoning:

RM-1

Property View

Number Of Units Total:

Property Condition:

Approximately

Roof

Roof:

Metal

Property Access

Road Surface Type:

Paved

Basement

Basement:

PartialBasement

Building

Building Area Total:

2707

Built in 2019

Storage:

Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Cooling

Cooling Equipped

Cooling:

HeatPump,MiniSplit

Expenses

Operating Expense Scheduled:

7736

Operating Expense:

$10,082

Exterior Features

Exterior Description:

CementSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

ForcedAir,HeatPump,MiniSplit

Income

CAP Rate:

6.13

Gross Income:

$57,600

Gross Rent Multiplier:

13.45

Gross Scheduled Income:

$57,600

Net Operating Income:

$47,518

Net Scheduled Income:

49864

Listing

Contract Status Change Date:

2024-07-24

Days On Market:

120

Last Transaction Date:

2024-10-20 17:45:15

List Price:

$775,000

Listing Contract Date:

2024-07-24

Listing Id:

24116594

Mls Status:

Active

Modification Timestamp:

2024-11-21 01:07:54

On Market Date:

2024-07-24

Previous List Price:

$800,000

Rent Includes:

Heat,MaintenanceGrounds,Water

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

Edge O'town Villas

County Or Parish:

Multnomah

Lot

Features:

Seasonal,Trees

Size Acres:

0.13

Size Range:

SqFt5000to6999

Size Square Feet:

5,662

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

OffStreet,RVAccessParking

Possession

Possession:

SellerRentBack

Schools

High School:

Franklin

Middle Or Junior School:

Lane

Elementary School:

Kelly

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$1,977

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$2,100

Area:

1100

Features:

AirConditioning,Deck,Range,Refrigerator

Units Total:

2 total bathrooms

2 total bedroom

Unit Two

Actual Rent:

$1,700

Area:

900

Features:

AirConditioning,Deck,Range,Refrigerator

Units Total:

2 total bathrooms

2 total bedroom

Unit Three

Actual Rent:

$1,000

Area:

322

Features:

AirConditioning,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Gas,Tankless

Water Source:

PublicWater

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$775,000 - Br/0Ba - for Sale in Edge O'town Villas, Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$775,000 -

8780 Se Flavel St Portland , OR 97266

MLS Area Major: _143

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.