MLS# 24412812 – 7710 Se Mitchell St, Portland, OR 97206 – 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: 1965

Neighborhood: Foster-powell Neighborhood

Days on Website: 184

Welcome to this stunning newly remodeled 4-plex located in the vibrant Foster-Powell neighborhood of Portland. Meticulously renovated with modern upgrades and stylish finishes, this property offers a rare opportunity for investors seeking a turnkey investment in one of Portland's most desirable areas.Each unit has been thoughtfully redesigned with contemporary aesthetics and premium finishes, creating a cohesive blend of style and functionality. From chic flooring to sleek fixtures, no detail has been overlooked in these modern living spaces. This property has long-term tenants, market rents and the coveted convenience of onsite parking, this property stands as a testament to the enduring appeal of Portland's historic neighborhoods.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

2835

Built in 1965

Storage:

None

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Community

Community Features:

Laundry

Cooling

Cooling Equipped

Cooling:

MiniSplit

Expenses

Operating Expense:

$14,820

Exterior Features

Exterior Description:

LapSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

MiniSplit,WallHeater

Income

CAP Rate:

7.15

Gross Income:

$89,844

Gross Rent Multiplier:

11.69

Net Operating Income:

$75,024

Listing

Contract Status Change Date:

2024-10-16

Cumulative Days On Market:

148

Days On Market:

148

Last Transaction Date:

2024-10-16 12:42:18

List Price:

$1,050,000

Listing Contract Date:

2024-05-21

Listing Id:

24412812

Mls Status:

Pending

Modification Timestamp:

2024-10-16 12:42:18

Off Market Date:

2024-10-16

On Market Date:

2024-05-21

Previous List Price:

$1,100,000

Purchase Contract Date:

2024-10-16

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_143

Subdivision Name:

FOSTER-POWELL NEIGHBORHOOD

County Or Parish:

Multnomah

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

Energy Saving

Energy Efficiency Features:

DoublePaneWindows,InsulationandCeilingInsulation,MiniSplit

Green Certification

Parking

Features:

OffStreet,Paved

8 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

Roof

Roof:

Shingle

Schools

High School:

Franklin

Middle Or Junior School:

Kellogg

Elementary School:

Marysville

Security Features

Features:

SecurityLights

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$8,409

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,787

Area:

729

Features:

Dishwasher,Disposal,Microwave,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,925

Area:

729

Features:

Dishwasher,Microwave,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,700

Area:

729

Features:

Dishwasher,Microwave,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$2,000

Area:

730

Features:

AirConditioning,Microwave,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable,FiberOptics

Water Source:

PublicWater

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$1,050,000 - Br/0Ba - for Sale in Foster-powell Neighborhood, Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,050,000 -

7710 Se Mitchell St Portland , OR 97206

MLS Area Major: _143

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 12:47PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.