MLS# 24169069 – 13207 Se Oatfield Rd, Milwaukie, OR 97222 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of RE/MAX Advantage Group.

Property Description

Description

2 Units

Status: Active

Year Built: 1971

Days on Website: 67

Rare turn-key investment opportunity located at the end of the Milwaukie MAX line. This fully leased-up duplex investment features meticulously renovated 2BD/1.5 BA apartments. The property comprises of one 2-story duplex buildings on its own lot. This property is ideally situated in Milwaukie between two main arteries, Oatfield Road and McLoughlin Blvd. The remodeled units showcase updated kitchens with new cabinets, countertops, fixtures, hardware, and stainless-steel appliances. Bathrooms have been modernized with new vanities, flooring, toilets, and fixtures. The remodeled units boast new laminate flooring, carpets in bedrooms, light fixtures, in-wall heaters, outlets, doors, hardware, and fresh paint. Each unit includes a primary suite with an attached half bath, a new washer & dryer located in the hallway, and an attached exterior storage unit. The property offers ample off-street parking, semi-private large yard space for lower units, and a beautiful new large deck for the upper unit. Exterior enhancements feature new fences, decks, double-paned vinyl windows, newer roofs, and exterior paint. With a residential feel and high-income potential, the updated duplex provides a low-maintenance investment for the discerning buyer.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Built in 1971

Storage:

IndividualStorageUnits

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense:

$8,128

Exterior Features

Exterior Description:

T111Siding,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

WallHeater,Zoned

Income

CAP Rate:

6.04

Gross Income:

$41,328

Gross Rent Multiplier:

13.31

Net Operating Income:

$33,200

Listing

Contract Status Change Date:

2024-09-17

Days On Market:

Last Transaction Date:

2024-09-17 09:17:48

List Price:

$550,000

Listing Contract Date:

2024-09-17

Listing Id:

24169069

Mls Status:

Active

Modification Timestamp:

2024-09-17 09:17:48

On Market Date:

2024-09-17

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_145

County Or Parish:

Clackamas

Lot

Features:

Level

Size Acres:

0.23

Size Range:

SqFt10000to14999

Size Square Feet:

10,018

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Leases,ProfitLossStatement

Parking

Features:

OffStreet,Paved

4 total parking spots

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

MR1

Roof

Roof:

Composition

Schools

High School:

Putnam

Middle Or Junior School:

Alder Creek

Elementary School:

Oak Grove

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,566

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,794

Area:

900

Features:

Dishwasher,Disposal,Storage,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Unit Two

Actual Rent:

$1,650

Area:

900

Features:

Dishwasher,Disposal,Storage,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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$550,000 - Br/0Ba - for Sale in Milwaukie

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$550,000 -

13207 Se Oatfield Rd Milwaukie , OR 97222

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.