MLS# 22179720 – 47730 Christel Ln, Oakridge, OR 97463 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of Keller Williams The Cooley Real Estate Group.

Property Description

Description

4 Units

Status: Active

Year Built: 1940

Days on Website: 628

Discover an exceptional investment opportunity nestled at the end of Oakridge street: a spacious fourplex multi-unit property that promises great returns. With ample parking space and a freshly updated roof and exterior paint as of October 2022, this property is appealing and low-maintenance. Investors can enjoy the convenience of tenants already in place, simplifying the transition. Moreover, its prime location, just a 10-minute stroll from a vibrant array of restaurants and shopping options, adds to its allure, making it an ideal addition to any real estate portfolio. Don't miss out on this promising venture!

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Building Area Total:

2112

Built in 1940

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Expenses

Operating Expense:

$6,000

Exterior Features

Exterior Description:

WoodSiding

Heating

Heating Available

Heating:

Zoned

Income

CAP Rate:

7.44

Gross Income:

$33,900

Gross Rent Multiplier:

11.06

Net Operating Income:

$27,900

Listing

Contract Status Change Date:

2022-08-11

Days On Market:

627

Last Transaction Date:

2024-04-19 14:23:57

List Price:

$375,000

Listing Contract Date:

2022-08-11

Listing Id:

22179720

Mls Status:

Active

Modification Timestamp:

2024-04-19 14:23:57

On Market Date:

2022-08-11

Previous List Price:

$355,000

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_234

County Or Parish:

Lane

Lot

Features:

Level

Size Range:

SqFt10000to14999

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,RentRecords

Property

Number Of Units Total:

Property Condition:

Approximately

Property View

Zoning:

Roof

Roof:

Composition

Schools

High School:

Oakridge

Middle Or Junior School:

Oakridge

Elementary School:

Oakridge

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,107

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$495

Area:

528

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$560

Area:

528

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$825

Area:

528

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$945

Area:

528

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

[+] Read More

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$375,000 -

47730 Christel Ln Oakridge , OR 97463

MLS Area Major: _234

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 30, 2024 4:43AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.