MLS# 24357334 – 13211 Se Oatfield Rd, Milwaukie, OR 97222 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of RE/MAX Advantage Group.

Property Description

Description

4 Units

Status: Pending

Year Built: 1971

Days on Website: 65

Rare turn-key investment opportunity located at the end of the Milwaukie MAX line. This fully leased-up 4-plex investment features meticulously renovated 2BD/1.5 BA apartments. The property comprises two separate 2-story duplex buildings on one tax lot. This property is ideally situated in Milwaukie between two main arteries, Oatfield Road and McLoughlin Blvd. The remodeled units showcase updated kitchens with new cabinets, countertops, fixtures, hardware, and stainless-steel appliances. Bathrooms have been modernized with new vanities, flooring, toilets, and fixtures. The remodeled units boast new laminate flooring, carpets in bedrooms, light fixtures, in-wall heaters, outlets, doors, hardware, and fresh paint. Each unit includes a primary suite with an attached half bath, a new washer & dryer located in the hallway, and an attached exterior storage unit. The property offers ample off-street parking, semi-private large yard space for lower units, and a beautiful new large deck for the upper unit. Exterior enhancements feature new fences, decks, double-paned vinyl windows, newer roofs, and exterior paint. With a residential feel and high-income potential, the updated 4-plex duplex provides a unique opportunity to own a low-maintenance investment for the discerning buyer.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

3600

Built in 1971

Storage:

IndividualStorageUnits

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Community

Community Features:

FrontYardLandscaping

Expenses

Operating Expense:

$12,415

Exterior Features

Exterior Description:

T111Siding,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

WallHeater,Zoned

Income

CAP Rate:

7.56

Gross Income:

$81,600

Gross Rent Multiplier:

11.21

Net Operating Income:

$69,185

Listing

Contract Status Change Date:

2024-09-27

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-09-27 15:03:41

List Price:

$915,000

Listing Contract Date:

2024-09-17

Listing Id:

24357334

Mls Status:

Pending

Modification Timestamp:

2024-09-27 15:03:41

Off Market Date:

2024-09-27

On Market Date:

2024-09-17

Purchase Contract Date:

2024-09-27

Rent Includes:

None

Standard Status:

Pending

Location

MLS Area Major:

_145

County Or Parish:

Clackamas

Lot

Features:

Level

Size Acres:

0.23

Size Range:

SqFt10000to14999

Size Square Feet:

10,018

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Leases,ProfitLossStatement

Parking

Features:

OffStreet

8 total parking spots

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

MR1

Roof

Roof:

Composition

Schools

High School:

Putnam

Middle Or Junior School:

Alder Creek

Elementary School:

Oak Grove

Security Features

Features:

SecurityLights

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$5,088

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,725

Area:

900

Features:

Dishwasher,Disposal,Range,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Unit Two

Actual Rent:

$1,650

Area:

900

Features:

Dishwasher,Disposal,Range,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Unit Three

Actual Rent:

$1,675

Area:

900

Features:

Dishwasher,Disposal,Range,WasherDryer

Units Total:

2 total bathrooms

2 total bedroom

Unit Four

Actual Rent:

$1,750

Area:

900

Features:

Dishwasher,Disposal,Range,WasherDryer

Units Total:

2 total bathrooms

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

$915,000 -

13211 Se Oatfield Rd Milwaukie , OR 97222

MLS Area Major: _145

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.