Bought with eXp Realty, LLC
$650,000
$650,000
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5,130 SqFt
SOLD DATE : 06/20/2024
Key Details
Sold Price $650,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,130 sqft
Price per Sqft $126
MLS Listing ID 24546217
Sold Date 06/20/24
Year Built 1920
Annual Tax Amount $4,897
Tax Year 2023
Lot Size 0.290 Acres
Property Description
Located near the Pacific University campus, the property is a six-unit, two-story apartment property comprised of all flat units and was built in 1920. Construction is primarily wood frame exterior walls with painted wood lap siding and wood frame roof with composition shingle cover. The property is comprised of one-bedroom units with one bathroom. Current rents are approximately 35% below current averages for one bedroom apartments in the area. The astute investor could bring rents to market over time as well as finish out the basement to add an additional unit to the portfolio. Offer subject to interior inspection. Do not Disturb Tenants.
Location
State OR
County Washington
Community Laundry
Area _152
Zoning RMH
Rooms
Basement Full Basement, Unfinished
Interior
Heating Wall Heater
Cooling None
Exterior
Community Features Laundry
Roof Type Composition
Parking Type Off Street
Garage No
Building
Lot Description Level
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Middle Schools Neil Armstrong
High Schools Forest Grove
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Principal Broker | Lic# 910900068