MLS# 24309841 – 5037 Se Mill St, Portland, OR 97215 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Broker West Real Estate Co.

Property Description

Description

6 Units

Status: Pending

Year Built: 2024

Neighborhood: Mount Tabor

Days on Website: 57

Gorgeous modern 6 unit building in another amazing A+ location!!* Right at the base of Mt Tabor at SE 50th and Hawthorne!!* End of culdesac in a fantastic neighborhood! 92 Walker's paradise & 99 Biker's paradise! Absolutely gorgeous finishes inside!! Heated master bath floors* Carrera quartz counters & full slab carrera quartz backsplashes* Real engineered hardwood floors* Upgraded cabinets w/ modern 2 tone design* Heavy glass shower doors* Large area for attic storage* Double wall construction w/ 1 gap between walls for sound reduction* Superb modern unit layouts with social kitchens and Carerra quartz center islands* Ideal family room layouts with couch walls facing TV wall* Large private patio areas and irrigation* This building is the best around! Agent is builder and owner.

Property Details and Features

Building

Built in 2024

Storage:

Attic

Stories:

Building Area Total:

5580

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Cooling

Cooling Equipped

Cooling:

MiniSplit

Expenses

Operating Expense:

$40,550

Exterior Features

Exterior Description:

CementSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

MiniSplit

Income

CAP Rate:

5.68

Gross Income:

$170,040

Gross Rent Multiplier:

13.41

Net Operating Income:

$129,490

Listing

Contract Status Change Date:

2024-12-05

Cumulative Days On Market:

450

Days On Market:

Last Transaction Date:

2024-12-18 17:19:47

List Price:

$2,280,000

Listing Contract Date:

2024-10-24

Listing Id:

24309841

Mls Status:

Pending

Modification Timestamp:

2024-12-18 17:19:47

Off Market Date:

2024-12-05

On Market Date:

2024-10-24

Purchase Contract Date:

2024-12-05

Rent Includes:

None

Standard Status:

Pending

Location

MLS Area Major:

_143

Subdivision Name:

Mount Tabor

County Or Parish:

Multnomah

Lot

Size Range:

SqFt3000to4999

Size:

3,000 to 4,999 SqFt

Parking

Features:

OnStreet

Property

Number Of Units Total:

Property Condition:

NewConstruction

Zoning:

RM2

Roof

Roof:

Composition

Schools

High School:

Franklin

Middle Or Junior School:

Mt Tabor

Elementary School:

Atkinson

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$20,000

Legal Description

Unit One

Actual Rent:

$2,495

Area:

970

Features:

AirConditioning,Refrigerator,WasherDryer,WoodFloors

Units Total:

3 total bathrooms

2 total bedroom

Unit Two

Actual Rent:

$2,395

Area:

970

Features:

AirConditioning,Refrigerator,WasherDryer,WoodFloors

Units Total:

3 total bathrooms

2 total bedroom

Unit Three

Actual Rent:

$2,195

Area:

850

Features:

AirConditioning,Refrigerator,WasherDryer,WoodFloors

Units Total:

3 total bathrooms

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Gas

Internet Service Type:

Cable

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$2,280,000 -

5037 Se Mill St Portland , OR 97215

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.