1700 NE 231ST CT, Wood Village, OR 97060
- $819,900
- 2,716
- SqFt
- List Price
- $819,900
- Price Change
- ▼ $20,000 1782616658
- Days on Market
- 87
- MLS#
- 211596624
- Property Type
- Multifamily
- Sqft. of Residence
- 2,716
- Lot Size
- 10, 000 to 14, 999 SqFt
- Region
- Gresham, Sandy, Troutdale, Corbett
- Status
- ACTIVE
Property Description
Portland Area Investors!! Are you looking for an investment property with great cash flow that pencils out to an excellent cap rate, AND isn't impacted by City of Portland rental laws? 2026 cap rate projected at 6.41. This Wood Village triplex is in a great 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 interior inspection. Do not walk property or disturb renters.
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Additional Information
- Tax Amount
- $5,359
- Year Built
- 1980
- High School
- Reynolds
- Elementary School
- Salish Ponds
- Middle School
- Reynolds
- Acres
- 0.25
- Living Area
- 2,716
- Stories
- 1
- Terms
- Cash, Conventional, FHA, VA Loan
- Cooling Description
- None
- Fuel Description
- Gas
- Heating Description
- Forced Air
- Hoa Rent Includes
- Trash Collection, Water
- Hot Water Description
- Electricity
- Exterior Description
- Lap Siding, Panel, T-111 Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Assigned, Paved
- Parking Description
- Assigned, Paved
- Road Surface
- Paved
- Number Of Units Total
- 3
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1897
- Unit Type One Sq Ft
- 840
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 2
- Unit Type Two Beds Total
- 3
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 1802
- Unit Type Three Sq Ft
- 876
- Unit Type Three Units Total
- 1
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Listing courtesy of RE/MAX Equity Group.
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