MLS# 24541073 – 7011 N Oswego Ave, Portland, OR 97203 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Farrell Realty & Property Management, Inc.

Property Description

Description

9 Units

Status: Active

Year Built: 1981

Days on Website: 103

This meticulously maintained and professionally managed Cathedral Park 9 plex offers 6 two-bedroom units, 2 one-bedroom units, and a charming two-bedroom house. Brand new Roof. 8 off-street parking spaces. Located just minutes to lively downtown St. Johns where you'll find local hotspots, restaurants, and shops. Public transportation is just at doorstep. walk score=90, bike score=87. All units are rented, generating rental income that is nearly at par with current market rates, making this a truly lucrative opportunity!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace,Unfinished

Building

Building Area Total:

7070

Built in 1981

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Cooling

Cooling:

None

Expenses

Operating Expense Scheduled:

53892

Operating Expense:

$48,366

Exterior Features

Exterior Description:

BoardBattenSiding,LapSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

Zoned

Income

CAP Rate:

6.45

Gross Income:

$161,220

Gross Rent Multiplier:

10.85

Gross Scheduled Income:

$179,460

Net Operating Income:

$112,854

Net Scheduled Income:

125568

Listing

Contract Status Change Date:

2024-09-18

Days On Market:

102

Last Transaction Date:

2024-12-23 10:14:26

List Price:

$1,749,900

Listing Contract Date:

2024-09-18

Listing Id:

24541073

Mls Status:

Active

Modification Timestamp:

2024-12-23 10:14:26

On Market Date:

2024-09-18

Rent Includes:

MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_141

County Or Parish:

Multnomah

Lot

Features:

CornerLot,Level,OnBusline

Size Acres:

0.23

Size Range:

SqFt7000to9999

Size Square Feet:

10,018

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

Leases,ProfitLossStatement,RentRecords

Parking

Features:

Assigned

8 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

RM2

Roof

Roof:

Composition

Schools

High School:

Roosevelt

Middle Or Junior School:

George

Elementary School:

James John

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$18,395

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,595

Area:

800

Features:

Fireplace,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,895

Area:

1470

Features:

Dishwasher,Fireplace,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,195

Area:

800

Features:

Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Four

Actual Rent:

$1,175

Area:

400

Features:

Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,749,900 -

7011 N Oswego Ave Portland , OR 97203

MLS Area Major: _141

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on December 30, 2024 3:42AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.