Bought with Premiere Property Group, LLC
$691,326
$745,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
7606 SE FLAVEL ST Portland, OR 97206
3,614 SqFt
Key Details
Sold Price $691,326
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,614 sqft
Price per Sqft $191
MLS Listing ID 24071939
Sold Date 07/05/24
Year Built 1950
Annual Tax Amount $9,293
Tax Year 2023
Lot Size 0.450 Acres
Property Description
Single level 6-plex in SE Portland, sitting on a large 0.74 acre lot. All units are 1-bedroom / 1-bath and have been recently remodeled. New flooring, cabinets, counters, paint, and gutters. Average rents at $1,082 with highest achieved at $1,206. Washer/Dryer Hookups in each unit. Newly landscaped with large off-street gravel parking lot. Located just East of Flavel Park and Whitman Elementary. The owners have decided to offer the asset at a value that reflects its current use, without factoring in the added premium for its considerable future development potential. When compared to the average price per square foot of similar land sales in the area, it appears the subject property's land is likely worth more than the existing 6-plex.
Location
State OR
County Multnomah
Area _142
Zoning R2
Interior
Heating Baseboard
Exterior
Roof Type Shingle
Parking Type Off Site
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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