MLS# 24264152 – 306 N Bridgeton Rd, Portland, OR 97217 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of J Residential Properties.

Property Description

Description

2 Units

Status: Active

Year Built: 2021

Days on Website: 203

HUGE PRICE REDUCTION! Spectacular modern townhouse with all the amenities you are looking for! Located in Portland's vibrant Bridgeton Neighborhood, across the street from the Columbia River Slough! Surrounded by marina's, floating homes, yacht clubs, country clubs and much more! This townhouse has a separate, attached ADU that could be joined by potential access on the 2nd floor. 2nd fl=kitchen/family room. 3rd fl=primary suite & laundry. 4th fl=2 bdrms & living room w/river views. Garage is double deep w/storage. Life on the river with a high quality investment property and income as part of the deal. Live small and rent big or live big and rent small. Rent a boat slip at the marina across the street to keep your boat close. Newer construction and a proven rental history with a built in tenant make it a great owner occupied investment opportunity.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

ExteriorEntry,Finished,StorageSpace

Building

Building Area Total:

3751

Built in 2021

Storage:

Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

CentralAir

Expenses

Operating Expense Scheduled:

14000

Operating Expense:

$13,000

Exterior Features

Exterior Description:

BoardBattenSiding,CementSiding,LapSiding,Stone

Foundation

Foundation Details:

ConcretePerimeter,Slab

Garage

Garage Spaces:

Water Features

Water Body Name:

Columbia River

Waterfront Features:

RiverFront

Waterfront Property

Heating

Heating Available

Heating:

Ductless,MiniSplit

Income

CAP Rate:

5.96

Gross Income:

$63,600

Gross Rent Multiplier:

13.35

Gross Scheduled Income:

$66,000

Net Operating Income:

$50,600

Net Scheduled Income:

52000

Listing

Contract Status Change Date:

2024-05-01

Days On Market:

203

Last Transaction Date:

2024-09-18 10:09:20

List Price:

$849,000

Listing Contract Date:

2024-05-01

Listing Id:

24264152

Mls Status:

Active

Modification Timestamp:

2024-09-18 10:09:20

On Market Date:

2024-05-01

Previous List Price:

$875,000

Rent Includes:

Sewer,Water

Standard Status:

Active

Location

MLS Area Major:

_141

County Or Parish:

Multnomah

Lot

Features:

CornerLot,Level

Size Acres:

0.05

Size Range:

SqFt0Kto2999

Size Square Feet:

2,178

Size:

0K to 2,999 SqFt

Miscellaneous

Investor Information:

Leases,RentRecords,UtilityRecordsAvailable

Parking

Features:

Attached,OffStreet

2 total parking spots

Possession

Possession:

Negotiable

Property

Number Of Units Total:

Property Condition:

Approximately

Property View

Zoning:

CM2

Roof

Roof:

Composition

Schools

High School:

Jefferson

Middle Or Junior School:

Faubion

Elementary School:

Faubion

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$8,098

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,750

Area:

799

Features:

Dishwasher,Disposal,Refrigerator,WindowCoverings

Units Total:

6 total bathrooms

1 total bedroom

Unit Two

Actual Rent:

$3,200

Area:

2899

Features:

AirConditioning,Deck,Refrigerator,WasherDryer

Units Total:

3 total bathrooms

3 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$849,000 -

306 N Bridgeton Rd Portland , OR 97217

MLS Area Major: _141

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.