MLS# 24484907 – 3812 R St, Vancouver, WA 98663 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of eXp Realty LLC.

Property Description

Description

4 Units

Status: Active

Year Built: 1930

Days on Website: 48

BOM at no fault of sellers. Investors, this one's for you! This fully rented fourplex is a hidden gem located on a dead-end street, surrounded by trees and just minutes from downtown with quick freeway access. Two of the four units have been tastefully renovated to include: new LVP flooring, interior paint, new kitchen cabinets, new appliances, new light fixtures, mini split in one-unit, electric heaters, and updated bathrooms. While the other two units remain solid and ready for future updates! Features a community laundry room, common area and a storage-utility basement. Laundry room offers new plumbing, new concrete subfloor with new LVP flooring, new sink, new electric heater and new washer and dryer! Unit #1 includes a large private deck. Recent upgrades such as: new sewer line w/a 30 yr transferrable warranty, new water line from meter to property, new concrete: driveway, walkway, stairs, common area and new aluminum handrails. Two new water heaters. All units are rented, providing immediate cash flow. Buyer to verify all information. A solid investment opportunity awaits! Do not disturb tenants or walk property. Ask your favorite Realtor for the property updates sheet!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

StorageSpace

Building

Building Area Total:

2570

Built in 1930

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Community

Community Features:

Commons,Laundry

Cooling

Cooling Equipped

Cooling:

MiniSplit,WindowUnit

Expenses

Operating Expense:

$16,255

Exterior Features

Exterior Description:

VinylSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

MiniSplit,WallHeater

Income

CAP Rate:

7.14

Gross Income:

$62,599

Gross Rent Multiplier:

10.37

Net Operating Income:

$46,343

Listing

Contract Status Change Date:

2024-10-04

Days On Market:

Last Transaction Date:

2024-11-15 09:00:30

List Price:

$649,000

Listing Contract Date:

2024-10-04

Listing Id:

24484907

Mls Status:

Active

Modification Timestamp:

2024-11-15 09:00:30

On Market Date:

2024-10-04

Previous List Price:

$674,000

Rent Includes:

Electricity,MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_12

County Or Parish:

Clark

Lot

Features:

Commons,GentleSloping,Level,Trees,Wooded

Size Acres:

0.14

Size Range:

SqFt5000to6999

Size Square Feet:

6,098

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Leases,ProfitLossStatement,RentRecords

Parking

Features:

Driveway,OnStreet

3 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property View

Zoning:

Roof

Roof:

Composition

Schools

High School:

Hudsons Bay

Middle Or Junior School:

Discovery

Elementary School:

Washington

Security Features

Features:

SecurityLights

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$4,322

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,500

Area:

672

Features:

AirConditioning,Deck,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,500

Area:

672

Features:

Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,500

Area:

763

Features:

Dishwasher,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,100

Area:

463

Features:

Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$649,000 -

3812 R St Vancouver , WA 98663

MLS Area Major: _12

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.