MLS# 24184105 – 16600 Se Baxter Rd, Gresham, OR 97080 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of The Broker Network, LLC.

Property Description

Description

3 Units

Status: Active

Year Built: 1938

Days on Website: 182

GET 2 HOMES PLUS A SHOP that includes a studio apartment with this unique investment opportunity. Nestled on .67 acres, this versatile property offers two homes and a large shop, making it an incredible rental property or multigenerational living opportunity. The main house offers 1200 square feet plus additional unfinished basement. It features 2 beds, 1 bath and a bonus room upstairs. The spacious, fully fenced backyard offers ample space for outdoor enjoyment. The second home on the property is approximately 640 square feet. It includes 1 bed and 1 bathroom, providing a separate living space. The concrete patio in the back is ideal for relaxing and the storage shed adds extra convenience. Adding to the property's value is a substantial approx 1728 square foot shop with two bays, overhead storage, a bathroom plus an additional studio apartment upstairs. Seize this opportunity to invest in a rural gem with endless possibilities.

Property Details and Features

Unit Two

Units Total:

Actual Rent:

$900

Area:

600

1 total bathroom

1 total bedroom

Property Access

Road Surface Type:

Gravel,Paved

Basement

Basement:

Unfinished

Building

Building Area Total:

4428

Built in 1938

Storage:

Basement,Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Expenses

Operating Expense Scheduled:

6000

Operating Expense:

$6,000

Exterior Features

Exterior Description:

LapSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

4.97

Gross Income:

$40,800

Gross Rent Multiplier:

17.15

Gross Scheduled Income:

$56,400

Net Operating Income:

$34,800

Net Scheduled Income:

50400

Listing

Contract Status Change Date:

2024-05-17

Days On Market:

187

Last Transaction Date:

2024-10-25 17:24:57

List Price:

$699,900

Listing Contract Date:

2024-05-17

Listing Id:

24184105

Mls Status:

Active

Modification Timestamp:

2024-10-25 17:24:57

On Market Date:

2024-05-17

Previous List Price:

$725,000

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_144

County Or Parish:

Multnomah

Lot

Features:

Trees

Size Acres:

0.67

Size Range:

SqFt20000toAcres1

Size Square Feet:

29,185

Size:

20,000 SqFt to .99 Acres

Miscellaneous

Investor Information:

RentRecords

Parking

Features:

Garage,RVAccessParking

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

RFv(R7)

Roof

Roof:

Composition

Schools

High School:

Centennial

Middle Or Junior School:

Centennial

Elementary School:

Pleasant Valley

Sewer

Sewer:

SepticTank

Taxes

Annual Amount:

$4,720

Legal Description

Unit One

Actual Rent:

$1,250

Area:

2100

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,250

Area:

1728

Units Total:

2 total bathrooms

1 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Gas

Water Source:

Well

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$699,900 -

16600 Se Baxter Rd Gresham , OR 97080

MLS Area Major: _144

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.