Bought with J Residential Properties
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Key Details
Sold Price $1,020,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,650 sqft
Price per Sqft $219
MLS Listing ID 22494321
Sold Date 01/06/23
Year Built 1962
Annual Tax Amount $7,914
Tax Year 2021
Property Description
Extremely well-located 6 unit apartment in Gladstone, OR consisting of two triplexes on one tax lot. All 2 bed 1 bath units, roughly 775sqft each. Individual backyards, on-site parking, on-site laundry room. Value-add opportunity, below market rents with 30%+ loss-to-lease, pro forma 7.1% CAP rate.
Location
State OR
County Clackamas
Community Laundry
Area _145
Zoning R5
Rooms
Basement Crawl Space
Interior
Heating Wall Furnace
Exterior
Garage Spaces 11.0
Community Features Laundry
View Y/N false
Roof Type Composition
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools John Wetten
Middle Schools Kraxberger
High Schools Gladstone
Others
Acceptable Financing Cash, Conventional, OwnerWillCarry
Listing Terms Cash, Conventional, OwnerWillCarry
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