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: 66

Laurelhurst Studios is an 18 unit fully renovated studio apartment complex with modern amenities, in superb condition and is fully leased. Rent Roll available. The complex is quiet, well maintained and available for buyer manager, or continue with professional property management. Lovely Landscaping, outdoor space, bike parking and on public transportation lines. Tenants pay Electric. Landlord covers water sewer and wifi. These are some of the most affordable rentals in the city. Tours Available for the exterior.

Property Details and Features

Property Access

Road Surface Type:

Concrete

Building

Building Area Total:

8000

Built in 1948

Storage:

Attached

Stories:

Unit Type Type:

UnitTypeType1

Community

Community Features:

FrontYardLandscaping

Cooling

Cooling Equipped

Cooling:

WallUnit

Expenses

Operating Expense:

$50,900

Exterior Features

Exterior Description:

Other

Heating

Heating:

WallHeater

Income

CAP Rate:

7.82

Gross Income:

$221,000

Gross Rent Multiplier:

9.85

Net Operating Income:

$170,225

Listing

Contract Status Change Date:

2024-07-03

Days On Market:

Last Transaction Date:

2024-07-19 15:03:29

List Price:

$2,176,486

Listing Contract Date:

2024-07-03

Listing Id:

24297468

Mls Status:

Active

Modification Timestamp:

2024-08-06 03:15:00

On Market Date:

2024-07-03

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

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

$2,176,486 -

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 September 7, 2024 1:51PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.