MLS# 24685503 – 14616 Se 1st St, Vancouver, WA 98684 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of YQC Properties LLC.

Property Description

Description

4 Units

Status: Active

Year Built: 1972

Neighborhood: Hearthwood

Days on Website: 170

This 4plex has always been easy to rent when necessary. Each unit is 3 bd/1.5 ba, 1200 SF w/both dining area & separate living room. Each unit has separate laundry space for washer & dryer. Plus, units have a small concrete patio in the back, big front yard/space for all tenants to enjoy. Newer paving, newer ext. paint, new heating in all units, new fencing. Close to bus line & schools. Multifamily units are a rare commodity in this area!Agent/Buyers please verify there have been a couple state bills passed that can increase density on existing lots. HB 1337, RCW 36.70a.680 and RCW 36.70a.681 should allow two ADUs (and lifts any owner occupancy requirements) on the lot. Maybe implemented by 2025 in Clark Co if not already, please check with County to confirm. Interior pic are unit 3 when completely remodeled in 2022, all units have new cadet heaters installed in May 2024. Brand new fence completed in May 2024. Please Call LA for viewing.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

4800

Built in 1972

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Expenses

Operating Expense Scheduled:

24731

Operating Expense:

$23,731

Exterior Features

Exterior Description:

CementSiding

Heating

Heating:

Other,WallHeater

Income

CAP Rate:

4.67

Gross Income:

$83,316

Gross Rent Multiplier:

15.3

Gross Scheduled Income:

$88,316

Net Operating Income:

$59,585

Net Scheduled Income:

63585

Listing

Contract Status Change Date:

2024-06-04

Days On Market:

169

Last Transaction Date:

2024-11-15 11:36:19

List Price:

$1,275,000

Listing Contract Date:

2024-06-04

Listing Id:

24685503

Mls Status:

Active

Modification Timestamp:

2024-11-15 11:36:19

On Market Date:

2024-06-04

Previous List Price:

$1,350,000

Rent Includes:

Sewer,Water

Standard Status:

Active

Location

MLS Area Major:

_22

Subdivision Name:

Hearthwood

County Or Parish:

Clark

Lot

Features:

Level,Trees

Size Acres:

0.34

Size Range:

SqFt10000to14999

Size Square Feet:

14,810

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

Leases,ProfitLossStatement

Parking

Features:

Carport,Covered

8 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

Roof

Roof:

Membrane,Other

Schools

High School:

Evergreen

Middle Or Junior School:

Cascade

Elementary School:

Hearthwood

Security Features

Features:

Sidewalk

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$8,732

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,650

Area:

1200

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

2 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$1,800

Area:

1200

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

2 total bathrooms

3 total bedroom

Unit Three

Actual Rent:

$1,823

Area:

1200

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

2 total bathrooms

3 total bedroom

Unit Four

Actual Rent:

$1,675

Area:

1200

Units Total:

2 total bathrooms

3 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

$1,275,000 -

14616 Se 1st St Vancouver , WA 98684

MLS Area Major: _22

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.