MLS# 24686023 – 240 242 Monmouth Ave S, Monmouth, OR 97361 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Windermere Willamette Valley.

Property Description

Description

5 Units

Status: Active

Year Built: 1992

Days on Website: 37

4-Plex (2 bed/2 bath) and Single Family Home (3 bed/2 bath) located in the heart of Monmouth! Less than a 5 minute walk to WOU. Close to all the amenities this growing community has to offer! Newer roof (2021) on the 4-Plex and covered carport w/storage. Laundry room onsite. Single family home boasts a 2 car garage with washer/dryer hookups.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Built in 1992

Storage:

IndividualStorageUnits

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5

Community

Community Features:

Laundry

Cooling

Cooling:

None

Expenses

Operating Expense:

$16,048

Exterior Features

Exterior Description:

VinylSiding

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Zoned

Income

CAP Rate:

5.68

Gross Income:

$67,200

Gross Rent Multiplier:

13.39

Net Operating Income:

$51,151

Listing

Contract Status Change Date:

2024-10-14

Days On Market:

Last Transaction Date:

2024-11-18 11:44:40

List Price:

$900,000

Listing Contract Date:

2024-10-14

Listing Id:

24686023

Mls Status:

Active

Modification Timestamp:

2024-11-18 11:44:40

On Market Date:

2024-10-14

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_167

County Or Parish:

Polk

Lot

Size Acres:

0.3

Size Range:

SqFt10000to14999

Size Square Feet:

13,068

Size:

10,000 to 14,999 SqFt

Parking

4 total parking spots

Property

Number Of Units Total:

Property View

Zoning:

Mon.-RH

Roof

Roof:

Composition

Schools

Middle Or Junior School:

Other

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$8,837

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,050

Area:

984

Units Total:

2 total bathrooms

2 total bedroom

Unit Two

Actual Rent:

$1,075

Area:

984

Units Total:

2 total bathrooms

2 total bedroom

Unit Three

Actual Rent:

$1,100

Area:

984

Units Total:

2 total bathrooms

2 total bedroom

Unit Four

Actual Rent:

$1,075

Area:

984

Units Total:

2 total bathrooms

2 total bedroom

Unit Five

Actual Rent:

$1,300

Area:

1140

Units Total:

2 total bathrooms

3 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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$900,000 - Br/0Ba - for Sale in Monmouth

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$900,000 -

240 242 Monmouth Ave S Monmouth , OR 97361

MLS Area Major: _167

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.