MLS# 24366705 – 3530 Se 136th Ave, Portland, OR 97236 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of John L. Scott Portland Central.

Property Description

Description

7 Units

Status: Active

Year Built: 1966

Days on Website: 245

The McKinley Park Apartments built in 1966 is a 7 unit complex with 2Bed/1Bath apartments, all currently rented. Large open kitchen spaces highlight these units and current monthly rents are $8,072. The property is 1 block from a TriMet bus stop and has easy freeway access to Hwy 205. Powell Butte Nature Park is just 5 blocks away for access to Hiking and Biking Trails. New exterior paint 2018, new perimeter fencing and gates 2020-2023, new trash enclosure in 2023 and seal coated-striped parking lot 2023.

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Building Area Total:

6188

Built in 1966

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Community

Community Features:

AllLandscaping,Commons

Expenses

Operating Expense Scheduled:

23865

Operating Expense:

$22,751

Exterior Features

Exterior Description:

Brick,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

4.52

Gross Income:

$74,772

Gross Rent Multiplier:

15.38

Gross Scheduled Income:

$95,760

Net Operating Income:

$52,021

Net Scheduled Income:

67969

Listing

Contract Status Change Date:

2024-03-21

Days On Market:

244

Last Transaction Date:

2024-09-23 09:51:43

List Price:

$1,150,000

Listing Contract Date:

2024-03-21

Listing Id:

24366705

Mls Status:

Active

Modification Timestamp:

2024-09-23 09:51:43

On Market Date:

2024-03-21

Previous List Price:

$1,200,000

Rent Includes:

MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_143

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.51

Size Dimensions:

112.5 X 198.6

Size Range:

SqFt20000toAcres1

Size Square Feet:

22,215

Size:

20,000 SqFt to .99 Acres

Miscellaneous

Investor Information:

AccordingToOwner,AnnualPropertyOperationData,ProfitLossStatement,RentRecords

Parking

Features:

Assigned,OffStreet

7 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

R2A

Roof

Roof:

Composition

Schools

High School:

David Douglas

Middle Or Junior School:

Alice Ott

Elementary School:

Lincoln Park

Sewer

Sewer:

PublicSewer

Taxes

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,086

Area:

884

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,100

Area:

884

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,200

Area:

884

Features:

Dishwasher,Range,Refrigerator,WasherDryer

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

$1,150,000 -

3530 Se 136th Ave Portland , OR 97236

MLS Area Major: _143

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.