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Listed by RE/MAX Equity Group
$898,000
Est. payment /mo
2,716 SqFt
Active
1700 NE 231ST CT Wood Village, OR 97060
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,716 sqft
Price per Sqft $330
MLS Listing ID 169064549
Year Built 1980
Annual Tax Amount $5,057
Tax Year 2024
Lot Size 10,890 Sqft
Property Description
Portland Area Investors!! This property has great cash flow, pencils out to a 6.12% cap rate, and isn't impacted by City of Portland rental laws! Current monthly rents total $5524 and all three units are fully rented. This Wood Village triplex is in an excellent location and has been exceptionally well cared for. The large .25-acre lot is on a quiet cul-de-sac with quick access to I-84, bus lines, public parks, dining, retail and outlet shopping. Recent investment of approximately $25K in improvements. The units have all benefited from interior updates intended to keep maintenance costs low. Each one level unit has a washer/dryer hookup, a fully fenced yard, and a covered patio. Two units have new storage sheds for renters' use. The numerous updates you'll find inside and out include new exterior paint in 2021, vinyl windows, LVP flooring, and even granite countertops & stainless-steel kitchen appliances in one unit. There are also 7 off-street parking spaces. This is a unique opportunity to obtain a high-quality investment property that has been in the same ownership for over 40 years! Please write offer subject to inspection, and do not walk property or disturb renters.
Location
State OR
County Multnomah
Area _144
Zoning MR2
Interior
Heating Forced Air
Cooling None
Exterior
Roof Type Composition
Garage No
Building
Lot Description Cul_de_sac
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Salish Ponds
Middle Schools Reynolds
High Schools Reynolds
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
