MLS# 24297468 – 3327 Ne Sandy Blvd, Portland, OR 97232 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Premiere Property Group, LLC.

Property Description

Description

18 Units

Status: Active

Year Built: 1948

Days on Website: 171

Portfolio Sale of 2 Commercial Adjacent Properties. 3327 and 3331 NE Sandy. NOI of $337,268, includes 12 studio apts. 14 commercial office and retail units... 7 Cap. Preapproved Offers Required and Accepted prior to any touring. Exterior walk tours and common area walk throughs available. Fully Leased, complete remodel to studs in 2015.

Property Details and Features

Property Access

Road Surface Type:

Concrete

Building

Building Area Total:

18000

Built in 1948

Storage:

Attached

Stories:

Unit Type Type:

UnitTypeType1

Community

Community Features:

FrontYardLandscaping

Cooling

Cooling Equipped

Cooling:

WallUnit

Expenses

Operating Expense:

$135,645

Exterior Features

Exterior Description:

Other

Heating

Heating:

WallHeater

Income

CAP Rate:

7.21

Gross Income:

$472,914

Gross Rent Multiplier:

9.86

Net Operating Income:

$336,268

Listing

Contract Status Change Date:

2024-07-03

Days On Market:

170

Last Transaction Date:

2024-12-17 15:43:11

List Price:

$4,665,000

Listing Contract Date:

2024-07-03

Listing Id:

24297468

Mls Status:

Active

Modification Timestamp:

2024-12-17 15:43:11

On Market Date:

2024-07-03

Previous List Price:

$466,500

Rent Includes:

Water

Standard Status:

Active

Location

MLS Area Major:

_142

County Or Parish:

Multnomah

Lot

Size Acres:

0.15

Size Range:

SqFt5000to6999

Size Square Feet:

6,534

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Leases,ProfitLossStatement,RentRecords

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Restored

Zoning:

CM3

Roof

Roof:

Flat

Schools

High School:

Grant

Middle Or Junior School:

Beverly Cleary

Elementary School:

Beverly Cleary

Security Features

Features:

Entry

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$30,018

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,000

Area:

400

Features:

AirConditioning

Units Total:

1 total bathroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Gas

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$4,665,000 -

3327 Ne Sandy Blvd Portland , OR 97232

MLS Area Major: _142

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.