MLS# 24694424 – 2000 Se 10th Ave, Portland, OR 97214 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Realty Portland Premiere.

Property Description

Description

3 Units

Status: Active

Year Built: 1923

Neighborhood: Hosford Abernethy

Days on Website: 38

Classic PDX Triplex nestled in the heart of close-in, SE Portland keeps your tenants in the middle of all of the action. From bikeways to parkways, from Division to Hawthorne, from food carts to fine dining, from commuter routes to Max stops, and from parks to entertainment, you are centered to have easy access to everything you (if you decide to take advantage of owner-occupied interest rates) or your tenants could want. With a vacant unit for yourself or to choose your tenant and timely paying current renters, you have the flexibility today's savvy investor is looking for. Hammer & Hand (the renowned local builder) completed a remodel of the center unit, maintaining the historic appeal and feel while updating the kitchen and bathroom to conform with more modern desires. A hidden, tucked away outdoor oasis out back creates opportunities to unwind in a relaxing, private space for tenants. The upper two units have mini-splits to help keep tenants cool during the warmer months while the lower unit takes advantage of the natural energy efficiency available by being below grade, all important factors for tenants as they look for their next home. Here is your opportunity to own a light-filled multifamily property with mixed commercial/residential uses allowed!

Property Details and Features

Lot

Size Acres:

0.09

Features:

Commons,Gated,Level

Size Range:

SqFt3000to4999

Size Square Feet:

3,920

Size:

3,000 to 4,999 SqFt

Property Access

Road Surface Type:

Paved

Basement

Basement:

ExteriorEntry,Finished,SeparateLivingQuartersApartmentAuxLivingUnit

Building

Building Area Total:

3554

Built in 1923

Storage:

Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Community

Community Features:

AllLandscaping

Cooling

Cooling Equipped

Cooling:

HeatPump,MiniSplit

Expenses

Operating Expense Scheduled:

15200

Operating Expense:

$15,200

Exterior Features

Exterior Description:

LapSiding,WoodSiding

Heating

Heating Available

Heating:

ForcedAir,MiniSplit,Other

Income

CAP Rate:

4.59

Gross Income:

$57,600

Gross Rent Multiplier:

16.04

Gross Scheduled Income:

$72,000

Net Operating Income:

$42,400

Net Scheduled Income:

56800

Listing

Contract Status Change Date:

2024-10-14

Days On Market:

Last Transaction Date:

2024-10-28 15:19:16

List Price:

$924,000

Listing Contract Date:

2024-10-14

Listing Id:

24694424

Mls Status:

Active

Modification Timestamp:

2024-10-28 15:19:16

On Market Date:

2024-10-14

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_143

Subdivision Name:

HOSFORD ABERNETHY

County Or Parish:

Multnomah

Miscellaneous

Investor Information:

AccordingToOwner,RentRecords

Parking

Features:

OnStreet

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

IG1

Roof

Roof:

Composition

Schools

High School:

Cleveland

Middle Or Junior School:

Hosford

Elementary School:

Abernethy

Security Features

Features:

SecurityGate

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$10,969

Legal Description

Tax Year:

2023

Unit One

Area:

1084

Features:

AirConditioning,Dishwasher,HardwoodFloors,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,800

Area:

1167

Features:

AirConditioning,Dishwasher,HardwoodFloors,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,200

Area:

960

Features:

Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Electricity

Water Source:

PublicWater

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$924,000 - Br/0Ba - for Sale in Hosford Abernethy, Portland

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$924,000 -

2000 Se 10th 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.