MLS# 23300109 – 20231 Ne Glisan St, Fairview, OR 97024 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of The Broker Network, LLC.

Property Description

Description

3 Units

Status: Pending

Distressed: Short Sale

Year Built: 1955

Neighborhood: North Gresham

Days on Website: 333

Multi-generational living, live/work w/ shop or keep as a solid rental with cash flow. This non-conforming investment is great w/multiple uses/options. Fully remodeled w/new cabinets, flooring, counters, fixtures, hardi plank siding, new roof, new furnace, etc in 2018. Fixer needs work Plus an approximately 1000 sqft shop . Call agent for more info.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace,Daylight,SeparateLivingQuartersApartmentAuxLivingUnit

Building

Building Area Total:

1860

Built in 1955

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Disclosures

Disclosures:

Disclosure

Expenses

Operating Expense Scheduled:

4000

Operating Expense:

$4,000

Exterior Features

Exterior Description:

CementSiding

Foundation

Foundation Details:

ConcretePerimeter,Slab

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

8.18

Gross Income:

$40,800

Gross Rent Multiplier:

10.78

Gross Scheduled Income:

$45,600

Net Operating Income:

$36,000

Net Scheduled Income:

41600

Listing

Contract Status Change Date:

2024-01-29

Cumulative Days On Market:

1608

Days On Market:

241

Last Transaction Date:

2024-01-30 07:59:29

List Price:

$439,950

Listing Contract Date:

2023-06-02

Listing Id:

23300109

Mls Status:

Pending

Modification Timestamp:

2024-01-30 07:59:29

Off Market Date:

2024-01-29

On Market Date:

2023-06-02

Previous List Price:

$449,950

Purchase Contract Date:

2024-01-29

Rent Includes:

None

Short Sale

Standard Status:

Pending

Location

MLS Area Major:

_144

Subdivision Name:

NORTH GRESHAM

County Or Parish:

Multnomah

Lot

Features:

Level,OnBusline

Size Range:

SqFt10000to14999

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,Leases

Parking

Features:

Open,RVAccessParking

3 total parking spots

Possession

Possession:

Negotiable

Property

Number Of Units Total:

Property Condition:

Fixer

Property View

Zoning:

R75

Roof

Roof:

Composition

Schools

High School:

Gresham

Middle Or Junior School:

Reynolds

Elementary School:

Salish Ponds

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$3,805

Legal Description

Tax Year:

2022

Unit One

Actual Rent:

$1,600

Features:

Dishwasher,Microwave,WasherDryerHookup

Units Total:

2 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$1,200

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$800

Area:

1000

Units Total:

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

$439,950 -

20231 Ne Glisan St Fairview , OR 97024

MLS Area Major: _144

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 30, 2024 12:46AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.