MLS# 24463018 – 4038 Se Powell Valley Rd, Gresham, OR 97080 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams PDX Central.

Property Description

Description

2 Units

Status: Active

Year Built: 2001

Neighborhood: Kelly Creek

Days on Website: 27

A SOLID Investment property! Cap rate of 5.57% with a very low vacancy rate of 1%. This desirable property is a townhome style duplex with a great functional floorplan. A smart addition to your investment portfolio. The seller is the original owner. It has been well cared for inside and out. Each unit has 3 good size bedrooms, 2.5 baths, wall to wall carpet, newer roof 10/2018, newer LVP floors (4038)-2022 & vinyl floors in 2018 (4048) for easy care and maintenance. The open floor plan is ideal. Kitchens include a double sink, breakfast bar and all appliances for both units. The slider just of the dining area, gives easy access to a private patio & fenced backyard perfect. Six New LED front security lights provide ample light at night. The vinyl siding makes your maintenance and upkeep a breeze. On a bus line and less than a mile for shopping, dining & parks makes this a perfect location. Easy access to I84. Photos of unit 4048 were taken prior to the tenant move in and 4038 were taken in June of 2024.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

2460

Built in 2001

Storage:

Attached,Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense:

$14,277

Exterior Features

Exterior Description:

VinylSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating:

WallHeater

Income

CAP Rate:

5.57

Gross Income:

$49,236

Gross Rent Multiplier:

12.75

Net Operating Income:

$34,958

Listing

Contract Status Change Date:

2024-10-25

Days On Market:

Last Transaction Date:

2024-10-25 14:50:53

List Price:

$627,900

Listing Contract Date:

2024-10-25

Listing Id:

24463018

Mls Status:

Active

Modification Timestamp:

2024-10-25 14:50:54

On Market Date:

2024-10-25

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_144

Subdivision Name:

Kelly Creek

County Or Parish:

Multnomah

Lot

Features:

Level,OnBusline,Trees

Size Acres:

0.17

Size Range:

SqFt7000to9999

Size Square Feet:

7,405

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

AnnualPropertyOperationData,Leases,ProfitLossStatement,RentRecords

Parking

Features:

Driveway,OffStreet

2 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

LDR-7

Roof

Roof:

Composition

Schools

High School:

Sam Barlow

Middle Or Junior School:

Gordon Russell

Elementary School:

Kelly Creek

Security Features

Features:

SecurityLights

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$7,047

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$2,195

Area:

1230

Features:

Dishwasher,Microwave,Range,Refrigerator

Units Total:

7 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$1,995

Area:

1230

Features:

Dishwasher,Microwave,Range,Refrigerator

Units Total:

7 total bathrooms

3 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

[+] Read More

$627,900 - Br/0Ba - for Sale in Kelly Creek, Gresham

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$627,900 -

4038 Se Powell Valley Rd Gresham , OR 97080

MLS Area Major: _144

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.