MLS# 24314814 – 1317 Ne 183rd Ave, Portland, OR 97230 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Realty Portland Elite.

Property Description

Description

4 Units

Status: Pending

Year Built: 1979

Neighborhood: Sommerwood

Days on Website: 27

Remodeled Four Plex that comes with 2 garages and already income producing! 2018 Remodel Includes: New 30 year architectural roof (complete tear off), new gutters, all new windows & patio doors, new cabinets, new countertops, new doors (both interior and exterior), new flooring and new electrical panels. 3 bed/2 bath unit comes with garage & washer/dryer. One additional unit includes detached garage. Four Plex has Portland address but located in Gresham City limits (Huge bonus!). This turn key investment opportunity awaits!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

3380

Built in 1979

Storage:

Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Cooling

Cooling:

None

Expenses

Operating Expense:

$10,774

Exterior Features

Exterior Description:

Aluminum,Brick,MetalSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating:

WallHeater

Income

CAP Rate:

5.77

Gross Income:

$54,047

Gross Rent Multiplier:

13.87

Net Operating Income:

$43,273

Listing

Contract Status Change Date:

2024-11-09

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-11-09 08:04:49

List Price:

$749,500

Listing Contract Date:

2024-10-25

Listing Id:

24314814

Mls Status:

Pending

Modification Timestamp:

2024-11-21 01:23:03

Off Market Date:

2024-11-09

On Market Date:

2024-10-25

Purchase Contract Date:

2024-11-09

Rent Includes:

MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_142

Subdivision Name:

Sommerwood

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.3

Size Range:

SqFt10000to14999

Size Square Feet:

13,068

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

Leases,ProfitLossStatement,RentRecords,UtilityRecordsAvailable

Parking

Features:

Garage,OnStreet

6 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

MDR-12

Roof

Roof:

Composition

Schools

High School:

Reynolds

Middle Or Junior School:

Reynolds

Elementary School:

Hartley

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,615

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,725

Area:

1040

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$1,486

Area:

780

Features:

Dishwasher,Fireplace,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,345

Area:

780

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,395

Area:

780

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

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

$749,500 -

1317 Ne 183rd Ave Portland , OR 97230

MLS Area Major: _142

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.