MLS# 24252577 – 7833 Se Johnson Creek Blvd, Portland, OR 97206 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of GA Cooke Real Estate Services.

Property Description

Description

22 Units

Status: Active

Year Built: 1972

Days on Website: 37

Assumable Financing @ 3.35% available! The rate is fixed until November of 2028 for a qualified buyer. Located in Clackamas County, just two blocks outside of Multnomah County, the Manor Townhomes offer 22 apartment units comprised of 20 2-bed 1.5-bath townhomes and 2 2-bed 1-bath flats. Nestled among mature landscaping the property provides residents a quiet complex just blocks from the major corridor of 82nd Ave & Johnson Creek Blvd. With a walk score of 77 and a bike score of 86 the Manor Townhomes are well located within the neighborhood. The property is one block from Fred Meyer and has a Trader Joes, PetSmart, Best Buy, Planet Fitness, and numerous restaurants and eateries within a half mile. Access to the I205 freeway and the regional rail line (MAX) are blocks away as well. Five of the units have washer & dryers offering an investor upside to continue to install washer & dryer units across the property. Please do not disturb tenants.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

21430

Built in 1972

Unit Type Type:

UnitTypeType1,UnitTypeType2

Community

Community Features:

AllLandscaping,Commons,Laundry

Expenses

Operating Expense Scheduled:

132388

Operating Expense:

$148,918

Exterior Features

Exterior Description:

Brick,MetalSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

Zoned

Income

CAP Rate:

5.52

Gross Income:

$424,702

Gross Rent Multiplier:

11.76

Gross Scheduled Income:

$456,907

Net Operating Income:

$275,784

Net Scheduled Income:

324519

Listing

Contract Status Change Date:

2024-11-06

Days On Market:

Last Transaction Date:

2024-11-06 14:59:11

List Price:

$4,995,000

Listing Contract Date:

2024-11-06

Listing Id:

24252577

Mls Status:

Active

Modification Timestamp:

2024-11-06 14:59:11

On Market Date:

2024-11-06

Rent Includes:

MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_143

County Or Parish:

Clackamas

Lot

Features:

Level,Private

Size Acres:

1.25

Size Range:

Acres1to3

Size Square Feet:

54,450

Size:

1 to 2.99 Acres

Miscellaneous

Investor Information:

AccordingToOwner,Incomplete,ProfitLossStatement

Parking

Features:

Paved

40 total parking spots

Property

Number Of Units Total:

Zoning:

HDR

Roof

Roof:

Composition

Schools

High School:

Milwaukie

Middle Or Junior School:

Rowe

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$22,543

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,795

Area:

965

Features:

Range,Refrigerator,WasherDryer,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,695

Area:

975

Features:

Range,Refrigerator,WindowCoverings

Units Total:

2 total bathrooms

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

$4,995,000 -

7833 Se Johnson Creek Blvd Portland , OR 97206

MLS Area Major: _143

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on December 20, 2024 11:49PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.