MLS# 24197123 – 466 Willis Ave, Glendale, OR 97442 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Blue Wave Real Estate.

Property Description

Description

3 Units

Status: Active

Year Built: 1930

Days on Website: 155

Two-unit rental with long-term tenants. Many upgrades to the property include a new roof, mini-split systems in both rentals, new vinyl double-pane windows in all the buildings, and fresh paint. Updated kitchens and appliances in 2016 in both units. The second unit has three bedrooms upstairs with a full bath, one bath downstairs, and an extra game room. The other unit is an updated two-bedroom, one-bathroom unit with a bonus extra room. The kitchen and bath have been updated. This site has a storage unit. Great renters are in both units who would like to stay. Call today to view.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

None

Building

Building Area Total:

1544

Built in 1930

Storage:

Deck

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

MiniSplit

Expenses

Operating Expense:

$2,826

Exterior Features

Exterior Description:

LapSiding,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

MiniSplit

Income

CAP Rate:

6.95

Gross Income:

$17,976

Gross Rent Multiplier:

12.13

Net Operating Income:

$15,150

Listing

Contract Status Change Date:

2024-06-20

Days On Market:

154

Last Transaction Date:

2024-10-06 20:24:55

List Price:

$218,000

Listing Contract Date:

2024-06-20

Listing Id:

24197123

Mls Status:

Active

Modification Timestamp:

2024-10-06 20:24:55

On Market Date:

2024-06-20

Rent Includes:

TrashCollection

Standard Status:

Active

Location

MLS Area Major:

_258

County Or Parish:

Douglas

Lot

Features:

GentleSloping,Trees

Size Acres:

0.13

Size Dimensions:

75 X 140

Size Range:

SqFt5000to6999

Size Square Feet:

5,662

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,MaintenanceRecordsAvailable,RentRecords

Parking

Features:

OffStreet,OnStreet

2 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

Roof

Roof:

Composition

Schools

High School:

Glendale

Middle Or Junior School:

Glendale

Elementary School:

Glendale

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$886

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$630

Area:

632

Features:

Deck,Range,Refrigerator,Storage

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$850

Area:

912

Features:

Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity,Gas

Internet Service Type:

DSL

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$218,000 -

466 Willis Ave Glendale , OR 97442

MLS Area Major: _258

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 12:47PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.