2507 SE MONROE ST, Milwaukie, OR 97222

$1,500,000
6,000
SqFt

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List Price
$1,500,000
Price Change
▼ $68,000 1780616083
Days on Market
146
MLS#
319345699
Property Type
Multifamily
Sqft. of Residence
6,000
Lot Size
10, 000 to 14, 999 SqFt
Region
Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada
Status
ACTIVE

Property Description

Great location! Value-added 8-Unit apartment building in the heart of Milwaukie, just around the corner from largest Waldorf school in the State and one block from Milwaukie High School, near the waterfront and restaurants. 6 units out of 8 have been remodeled/updated during 2021-2023. Total 8 unit at one level: 1 unit has 2B/1.1B, 6 units are 2B/1B, 1 unit has 1B/1B. Low maintenance, brick siding, newer roof and newer kitchen appliances! New electric panels in all units! fully rented! Cap rate at 5.93%! Turn-key opportunity to expand your real estate portfolio!

Additional Information

Tax Amount
$10,291
Year Built
1963
High School
Milwaukie
Elementary School
Other
Middle School
Rowe
Acres
0.28
Living Area
6,000
Stories
1
Lot Size Dimension
12197
Terms
Cash, Conventional
Fuel Description
Electricity
Heating Description
Baseboard
Hoa Rent Includes
Maintenance Grounds, Trash Collection
Hot Water Description
Electricity
Exterior Description
Brick
Roof Type
Composition
Sewer Description
Public Sewer
View
Territorial
Parking
Off Street
Parking Description
Off Street
Road Surface
Paved
Number Of Units Total
8
Unit Type One Baths Total
2
Unit Type One Beds Total
2
Unit Type One Rent
1500
Unit Type One Sq Ft
850
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
2
Unit Type Three Rent
1549
Unit Type Three Sq Ft
775
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Beds Total
2
Unit Type Four Rent
1345
Unit Type Four Sq Ft
775
Unit Type Four Units Total
1
Unit Type Five Rent
1345
Unit Type Five Sq Ft
775
Unit Type Five Units Total
1

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Brantley Christianson Real Estate.

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