MLS# 24437621 – 4284 Oakridge Rd, Lake Oswego, OR 97035 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Better Homes & Gardens Realty.

Property Description

Description

Status: Active

Year Built: 2024

Days on Website: 264

Outstanding Mixed-Use Opportunity in Lake Oswego. Unlock the potential of this prime mixed-use lot, featuring an existing 2,440 square foot single-family residence, located in the desirable Lake Oswego neighborhood. This property conveniently backs onto Ricardo's Restaurant and is situated along Boones Ferry Road, providing excellent visibility and accessibility.With flexible NC/R-0 zoning, this lot supports a diverse range of development possibilities. The seller is actively pursuing approval for an exciting 7-unit mixed-use building, and an extensive collection of due diligence materials and engineering plans are available for the proposed project. Don’t miss this chance to invest in a versatile property in a sought-after area. For more information, please contact the Listing Agent.

Property Details and Features

Building

Building Area Total:

6057

Built in 2024

Storage:

IndividualStorageUnits

Stories:

Community

Community Features:

AllLandscaping

Expenses

Operating Expense:

$99,570

Exterior Features

Exterior Description:

LapSiding

Foundation

Foundation Details:

ConcretePerimeter,Slab

Garage

Garage Spaces:

Heating

Heating Available

Heating:

ForcedAir95Plus

Income

CAP Rate:

24.18

Gross Income:

$389,707

Gross Rent Multiplier:

3.08

Net Operating Income:

$290,137

Listing

Contract Status Change Date:

2024-03-02

Days On Market:

263

Last Transaction Date:

2024-11-08 16:25:04

List Price:

$1,200,000

Listing Contract Date:

2024-03-02

Listing Id:

24437621

Mls Status:

Active

Modification Timestamp:

2024-11-08 16:25:04

On Market Date:

2024-03-02

Previous List Price:

$1,225,000

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_147

County Or Parish:

Clackamas

Lot

Features:

Level,PublicRoad

Size Acres:

0.32

Size Range:

SqFt10000to14999

Size Square Feet:

13,939

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Garage,OnStreet

18 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Property Condition:

Proposed

Zoning:

NC/R-0

Schools

High School:

Lake Oswego

Middle Or Junior School:

Lake Oswego

Elementary School:

Lake Grove

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,577

Legal Description

Utilities

Fuel Description:

Electricity,Gas

Water Source:

PublicWater

[+] Read More

$1,200,000 - Br/0Ba - for Sale in Lake Oswego

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,200,000 -

4284 Oakridge Rd Lake Oswego , OR 97035

MLS Area Major: _147

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.