MLS# 24384701 – 6420 Sw 124th Ave, Beaverton, OR 97008 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Property Description

Description

13 Units

Status: Active

Year Built: 1971

Days on Website: 173

Fantastic opportunity to own well-cared-for income property in Beaverton! This 13-unit complex boasts 8 two-bedroom/one-bathroom units and 5 three-bedroom/two-bathroom units with very long term tenants! All rents are month-to-month and most tenants have a 10+ year rental history! With historically low maintenance and upkeep, this property easily cash-flows with typical commercial loan down payment and financing.Enjoy easy access and proximity to downtown Beaverton, Washington Square, and local restaurants and shopping. Some apartments have had recent updates including updated bathrooms and kitchens!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

12020

Built in 1971

Storage:

Deck,IndividualStorageUnits

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType10,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5,UnitTypeType6,UnitTypeType7,UnitTypeType8,UnitTypeType9

Community

Community Features:

AllLandscaping,Laundry

Expenses

Operating Expense Scheduled:

61600

Operating Expense:

$58,666

Exterior Features

Exterior Description:

Cedar,LapSiding

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

3.89

Gross Income:

$186,200

Gross Rent Multiplier:

17.59

Gross Scheduled Income:

$208,380

Net Operating Income:

$127,534

Net Scheduled Income:

146780

Listing

Contract Status Change Date:

2024-06-28

Days On Market:

175

Last Transaction Date:

2024-08-23 11:18:03

List Price:

$3,275,000

Listing Contract Date:

2024-06-28

Listing Id:

24384701

Mls Status:

Active

Modification Timestamp:

2024-08-23 11:18:03

On Market Date:

2024-06-28

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_150

County Or Parish:

Washington

Lot

Features:

Level

Size Acres:

0.59

Size Range:

SqFt20000toAcres1

Size Square Feet:

25,700

Size:

20,000 SqFt to .99 Acres

Miscellaneous

Investor Information:

AccordingToOwner,Leases

Parking

Features:

Assigned,Guest

17 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

N/A

Roof

Roof:

Composition

Schools

High School:

Southridge

Middle Or Junior School:

Whitford

Elementary School:

Vose

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$19,940

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,255

Area:

810

Features:

Disposal,Microwave,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,245

Area:

810

Features:

Disposal,Microwave,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,170

Area:

810

Features:

Disposal,Microwave,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,205

Area:

810

Features:

Disposal,Microwave,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Five

Actual Rent:

$1,370

Area:

810

Features:

Disposal,Microwave,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Six

Actual Rent:

$1,295

Area:

810

Features:

Disposal,Microwave,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Seven

Actual Rent:

$1,260

Area:

810

Features:

Disposal,Microwave,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Eight

Actual Rent:

$1,440

Area:

1110

Features:

Disposal,Microwave,Range,Refrigerator

Units Total:

2 total bathrooms

3 total bedroom

Unit Nine

Actual Rent:

$1,330

Area:

1110

Features:

Disposal,Microwave,Range,Refrigerator

Units Total:

2 total bathrooms

3 total bedroom

Unit Ten

Actual Rent:

$1,520

Area:

1110

Features:

Disposal,Microwave,Range,Refrigerator

2 total bathrooms

3 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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6420 Sw 124th Ave Beaverton , OR 97008

Property Description

Description

Open House

Open House

Property Details and Features

Property Details and Features

Contact an Agent

John Wesley McPherson, Jr., CFA

Location

Street View

Nearby Schools

Recent Sales in the Area

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