MLS# 24155807 – 2915 Se Monroe St, Milwaukie, OR 97222 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of RealtyNET, LLC.

Property Description

Description

2 Units

Status: Active

Year Built: 1954

Days on Website: 50

Opportunities abound for potential addition via full daylight basements,detached 2-car garages, and a large city lot. It features new energy-efficient windows, a newer roof, updated electrical panels, new energy-efficient electric wall heaters, and LED lighting fixtures throughout. Hardwood floors and tasteful built-ins enhance the charm throughout the property. There's a spacious full basement equipped with a full-size washer, dryer, and utility sink basin. Additionally, the property includes a detached double garage, one for each unit, and ample off-street parking. The units themselves are light, bright, and sunny with rear doors to a private backyard. The location is exceptional, situated just 4 blocks from downtown Milwaukie, 3 blocks from the MAX transit station, and 2 blocks from the new New Seasons Market shopping complex. Both units are fully occupied by tenants at premium rents and we kindly request not to disturb them (DND). Please view the video tour.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

FullBasement

Building

Building Area Total:

3336

Built in 1954

Storage:

Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling:

None

Expenses

Operating Expense Scheduled:

13000

Operating Expense:

$12,437

Exterior Features

Exterior Description:

Brick,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

WallFurnace

Income

CAP Rate:

4.22

Gross Income:

$41,760

Gross Rent Multiplier:

16.64

Gross Scheduled Income:

$44,000

Net Operating Income:

$29,323

Net Scheduled Income:

31000

Listing

Contract Status Change Date:

2024-03-12

Days On Market:

Last Transaction Date:

2024-04-23 15:16:01

List Price:

$695,000

Listing Contract Date:

2024-03-12

Listing Id:

24155807

Mls Status:

Active

Modification Timestamp:

2024-04-23 15:16:01

On Market Date:

2024-03-12

Previous List Price:

$735,000

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_145

County Or Parish:

Clackamas

Lot

Features:

Level

Size Acres:

0.19

Size Range:

SqFt7000to9999

Size Square Feet:

8,276

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

Incomplete

Parking

Features:

Detached,Garage

2 total parking spots

Possession

Possession:

Negotiable

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

Mult

Roof

Roof:

Composition

Schools

High School:

Milwaukie

Middle Or Junior School:

Rowe

Elementary School:

Milwaukie

Security Features

Features:

Sidewalk

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$5,938

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,695

Area:

1668

Features:

HardwoodFloors,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,795

Area:

1668

Features:

HardwoodFloors,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Other

Water Source:

PublicWater

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$695,000 - Br/Ba - for Sale in Milwaukie

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$695,000 -

2915 Se Monroe St Milwaukie , OR 97222

MLS Area Major: _145

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on May 1, 2024 1:45PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.