MLS# 24172145 – 5636 Sw Beaverton Hillsdale Hwy, Portland, OR 97221 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of GA Cooke Real Estate Services.

Property Description

Description

17 Units

Status: Active

Year Built: 1974

Days on Website: 41

Located on Beaverton Hillsdale HWY, between two of SouthwestPortland’s more desirable neighborhoods, Raleigh Hills & Hillsdale, the Raleigh Heights apartments provide residents with an exceptional location and investors with a value-add opportunity. The 17-unit complex has a national grocery store, pharmacy, coffee shop, and several restaurants within one block. Additionally, the Portland Athletic Club sits across the street. High frequency public transportation allows easy access to downtown Portland and downtown Beaverton. Built in 1974 & 1978 and comprised of one and two-bedroom units, Raleigh Heights offers a park-like setting with many units having territorial views and several having private decks or patios. The complex has new gutters, and the newly striped parking lot has ample parking for tenants and guests. Please do not disturb residents.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace,None

Building

Building Area Total:

11750

Built in 1974

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense Scheduled:

95462

Operating Expense:

$83,307

Exterior Features

Exterior Description:

LapSiding,T111Siding

Foundation

Foundation Details:

ConcretePerimeter,Slab

Heating

Heating:

WallHeater

Income

CAP Rate:

5.44

Gross Income:

$243,908

Gross Rent Multiplier:

12.09

Gross Scheduled Income:

$271,952

Net Operating Income:

$160,602

Net Scheduled Income:

176490

Listing

Contract Status Change Date:

2024-10-10

Days On Market:

Last Transaction Date:

2024-10-10 13:14:04

List Price:

$2,950,000

Listing Contract Date:

2024-10-10

Listing Id:

24172145

Mls Status:

Active

Modification Timestamp:

2024-10-10 13:14:04

On Market Date:

2024-10-10

Rent Includes:

MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_148

County Or Parish:

Multnomah

Lot

Size Acres:

0.82

Size Range:

SqFt20000toAcres1

Size Square Feet:

35,719

Size:

20,000 SqFt to .99 Acres

Miscellaneous

Investor Information:

ProfitLossStatement

Parking

Features:

Driveway,OffStreet

21 total parking spots

Property

Number Of Units Total:

Property View

Zoning:

RM2

Roof

Roof:

Shingle

Schools

High School:

Ida B Wells

Middle Or Junior School:

Robert Gray

Elementary School:

Hayhurst

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$36,732

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,325

Area:

634

Features:

Dishwasher,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$1,595

Area:

877

Features:

Dishwasher,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

$2,950,000 -

5636 Sw Beaverton Hillsdale Hwy Portland , OR 97221

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.