MLS# 24136475 – 2910 Se Oak Grove Blvd, Milwaukie, OR 97267 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of RE/MAX Equity Group.

Property Description

Description

2 Units

Status: Active

Year Built: 1947

Neighborhood: Oak Grove

Days on Website: 62

Opportunity knocks! Two units, both currently rented, with excellent cash flow. The main house in front is 1,188 sq. ft. incl. converted garage, 2 BR/1 bath, currently rented at $1,650/month. The second house in rear has been recently refreshed and is 575 sq. ft., 1 BR/1 bath, currently rented at $1,350/month. Conveniently located between the Oak Grove Blvd. shops & McLoughlin Blvd: walk to Fred Meyer & transit. Commercial zoning (C3) offers even more opportunities! Photos are from when the rear unit was refreshed, prior to the current tenancy of that unit.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

None

Building

Building Area Total:

1763

Built in 1947

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense Scheduled:

12030

Operating Expense:

$12,030

Exterior Features

Exterior Description:

ShakeSiding

Foundation

Foundation Details:

ConcretePerimeter,Slab

Heating

Heating Available

Heating:

Baseboard,ForcedAir

Income

CAP Rate:

4.57

Gross Income:

$36,000

Gross Rent Multiplier:

14.58

Gross Scheduled Income:

$36,000

Net Operating Income:

$23,970

Net Scheduled Income:

23970

Listing

Contract Status Change Date:

2024-09-22

Days On Market:

Last Transaction Date:

2024-11-19 11:12:47

List Price:

$525,000

Listing Contract Date:

2024-09-22

Listing Id:

24136475

Mls Status:

Active

Modification Timestamp:

2024-11-19 11:12:47

On Market Date:

2024-09-22

Rent Includes:

Electricity,Gas

Standard Status:

Active

Location

MLS Area Major:

_145

Subdivision Name:

Oak Grove

County Or Parish:

Clackamas

Lot

Features:

Level

Size Acres:

0.29

Size Dimensions:

75' x 170'

Size Range:

SqFt10000to14999

Size Square Feet:

12,632

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Open

5 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

Roof

Roof:

Composition

Schools

High School:

Putnam

Middle Or Junior School:

Alder Creek

Elementary School:

Oak Grove

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$4,184

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,650

Area:

1188

Features:

Deck,Refrigerator,WasherDryerHookup,WoodFloors

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,350

Area:

575

Features:

Deck,Refrigerator,Unfurnished,WasherDryerHookup

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Gas

Water Source:

PublicWater

[+] Read More

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$525,000 -

2910 Se Oak Grove Blvd Milwaukie , OR 97267

MLS Area Major: _145

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 11:50PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.