Bought with Township Properties
$2,575,000
$3,100,000
16.9%For more information regarding the value of a property, please contact us for a free consultation.
7,749 SqFt
SOLD DATE : 11/13/2023
Key Details
Sold Price $2,575,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,749 sqft
Price per Sqft $332
Subdivision Hawthorne / Sunnyside
MLS Listing ID 23606145
Sold Date 11/13/23
Year Built 1927
Annual Tax Amount $27,629
Tax Year 2022
Property Description
Solid investment property in Sunnyside neighborhood in the heart of the Hawthorne District. The property consists of two buildings. An 11 unit built in 1927 & a 4-plex built in 1970, both on a 16,100 SF lot. There are 4 off-street parking spaces between the buildings, a laundry room & an additional room with individual storage for tenants.The 11-unit currently has 8 vacant units, deliberately left vacant by the current owner, which allows a new owner to put in tenants of their choice at current market rents.The fourplex has one vacant unit, two units that have not paid rent since Covid & one unit well under market rent at $525. Again, this was done deliberately by the current owner.The property is located one block north of Hawthorne Blvd. and five blocks south of Belmont St. Both streets are on bus lines and are well known for their trendy shops and restaurants. The property is two miles from downtown Portland, with easy access across the Hawthorne, Belmont & Burnside bridges.Vacant units available to see by appointment.
Location
State OR
County Multnomah
Community Laundry
Area _143
Zoning RM2
Rooms
Basement Exterior Entry, Partial Basement
Interior
Heating Forced Air
Cooling None
Exterior
Garage Spaces 4.0
Community Features Laundry
View Y/N false
Roof Type Composition
Garage No
Building
Lot Description Corner Lot
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Sunnyside Env
Middle Schools Sunnyside Env
High Schools Franklin
Others
Acceptable Financing CallListingAgent, Cash
Listing Terms CallListingAgent, Cash
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