MLS# 24596903 – 3495 Se 1st St, Gresham, OR 97080 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of John L. Scott Portland Metro.

Property Description

Description

2 Units

Status: Pending

Year Built: 1978

Neighborhood: El Camino

Days on Website: 77

Gresham corner lot duplex in the popular El Camino neighborhood priced to sell. Generous 1400 Sq Ft units with 2 bedrooms, 2 full baths, fireplaces and private rear decks. Oversize garage includes lots of room for storage or hobby area. Forced air electric heat in both units PLUS central AC in Unit 3497. One unit is vacant with fresh interior paint, new LVP flooring and new carpeting, making this duplex a perfect owner occupied opportunity. The investor can taker advantage of the tight rental market and set your own rental rate for the vacant unit.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace,None

Building

Building Area Total:

2800

Built in 1978

Storage:

Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

CentralAir

Expenses

Operating Expense Scheduled:

10070

Operating Expense:

$10,070

Exterior Features

Exterior Description:

T111Siding,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Water Features

Water Body Name:

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

1.15

Gross Income:

$16,200

Gross Rent Multiplier:

Gross Scheduled Income:

$39,600

Net Operating Income:

$6,130

Net Scheduled Income:

29530

Listing

Contract Status Change Date:

2024-11-22

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-11-22 19:14:47

List Price:

$534,534

Listing Contract Date:

2024-09-06

Listing Id:

24596903

Mls Status:

Pending

Modification Timestamp:

2024-11-22 19:14:47

Off Market Date:

2024-11-22

On Market Date:

2024-09-06

Purchase Contract Date:

2024-11-22

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_144

Subdivision Name:

EL CAMINO

County Or Parish:

Multnomah

Lot

Features:

CornerLot,GentleSloping,Level,OnBusline,PublicRoad,Trees

Size Acres:

0.18

Size Dimensions:

IRREG 7,727 Sq Ft

Size Range:

SqFt7000to9999

Size Square Feet:

7,840

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Driveway,Garage

4 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Existing

Property View

Zoning:

RESID

Roof

Roof:

Composition

Schools

High School:

Sam Barlow

Middle Or Junior School:

Gordon Russell

Elementary School:

Powell Valley

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,000

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,950

Area:

1400

Features:

Deck,Fireplace,WoodStove

Units Total:

2 total bathrooms

2 total bedroom

Unit Two

Actual Rent:

$1,350

Area:

1400

Features:

Dishwasher,Fireplace,Range,Refrigerator

Units Total:

2 total bathrooms

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable,Other

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$534,534 -

3495 Se 1st St Gresham , OR 97080

MLS Area Major: _144

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 11:50PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.