MLS# 24609633 – 2416 Se 34th Ave, Portland, OR 97214 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of John L. Scott.

Property Description

Description

2 Units

Status: Pending

Year Built: 1922

Days on Website: 122

Fully remodeled property retaining its vintage charm including a permitted ADU a. The ADU has a potential gross income exceeding $25,000 a year, The property includes tandem double car parking. Unit A is a 2,481 sq ft upper flat with 5 bedrooms, 5 full baths (with a built-in Murphy bed in the front bedroom), gourmet kitchen with Thermidor stainless appliances, gas range with hood, pantry, new refrigerator with ice maker, quartz countertops, gas stove in the dining room, vintage built-ins in dining/living room, new Maytag washer/dryer, two new tankless water heaters, new 4-stair heat/AC, hardwood flooring, double-pane vinyl windows, and fresh paint. It also features a large front porch, separate backyard with a paver patio patio and turf along with an insulated and heated work shed. There is private storage for units A and B, alarm system for the upper flat, security lighting, and new waterproofed front decking with warranty. Unit B (ADU) is 919 sq ft with 2 bedrooms, 1 bath, full kitchen with dishwasher, electric range with oven, stack washer/dryer, electric heat, private south-facing patio with small garden area, exterior storage, and waterproofing by John?s Waterproofing with sump pump, French drain, and subterranean insulation.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

FullBasement,SeparateLivingQuartersApartmentAuxLivingUnit

Building

Building Area Total:

3415

Built in 1922

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Community

Community Features:

SpaHotTub

Cooling

Cooling Equipped

Cooling:

CentralAir,MiniSplit

Expenses

Operating Expense Scheduled:

15300

Operating Expense:

$12,000

Exterior Features

Exterior Description:

CementSiding

Heating

Heating Available

Heating:

Ductless,ForcedAir,MiniSplit

Income

CAP Rate:

3.23

Gross Income:

$54,000

Gross Rent Multiplier:

24.07

Gross Scheduled Income:

$99,000

Net Operating Income:

$42,000

Net Scheduled Income:

15300

Listing

Contract Status Change Date:

2024-10-21

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-10-23 13:54:49

List Price:

$1,299,900

Listing Contract Date:

2024-07-22

Listing Id:

24609633

Mls Status:

Pending

Modification Timestamp:

2024-11-13 08:02:16

Off Market Date:

2024-10-21

On Market Date:

2024-07-22

Previous List Price:

$1,375,000

Purchase Contract Date:

2024-10-21

Rent Includes:

MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_143

County Or Parish:

Multnomah

Lot

Size Acres:

0.1

Size Range:

SqFt3000to4999

Size Square Feet:

4,356

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Driveway

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

97214

Roof

Roof:

Composition

Schools

High School:

Cleveland

Middle Or Junior School:

Hosford

Elementary School:

Abernethy

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$9,032

Legal Description

Tax Year:

2023

Unit One

Area:

2481

Features:

Dishwasher,Disposal,HardwoodFloors,Range

Units Total:

5 total bathrooms

5 total bedroom

Unit Two

Actual Rent:

$1,700

Area:

934

Features:

Dishwasher,Disposal,Refrigerator,Storage

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Gas

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,299,900 -

2416 Se 34th Ave Portland , OR 97214

MLS Area Major: _143

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.