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Listing 5 out of 87
Sold for $1,280,000 Sold

7700 SW Mayo St
Portland, OR 97223

4 units | Multi Family Home - MLS# 18157795
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Sold

Sold for $1,280,000 on Jun 15, 2018

Description

Fantastic investment opportunity with 4 houses on two huge tax lots. Original houses in great condition: one a 3/3 Craftsman with huge 3 car garage/shop; second home is mid-century home with attached garage; two new 2 bed, 2 bath ADUs (one on each tax lot) make for a lovely "compound" located on quiet, park-like setting in Garden Home. Can be sold together or separately - listed in Residential as well.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Sold
  • Listing Price: $1,298,000
  • County/Area: Washington County
  • Zip Code: 97223
  • Year Built: 1955
  • Subdivision/Neighborhood: Garden Home/Raleigh Hills
  • Elementary School: Montclair
  • Middle School: Whitford
  • High School: Southridge
  • Stories: 1-Story
  • Units: 4 units
  • Basement: No Basement
  • Garage: 8-Car
  • Lot Size: 1 To 2.99 Acres
  • Zoning: R5
  • Area: Portland West, Raleigh Hills
  • Cooling: Central Air
  • Exterior: Vinyl Siding, Wood Siding
  • Fuel: Gas
  • Gross Income Actual: 94140
  • Gross Income Projected: 106768
  • Gross Rent Multiplier: 13.79
  • Heating: Forced Air - 90%
  • Hot Water: Electricity, Gas
  • Limited Representation: Full Service
  • Lot: Cul-De-Sac, Trees
  • Net Income Actual: 65512
  • Net Income Projected: 79371
  • Occupancy Types: Leased, Month To Month
  • Operating Expenses Actual: 28628
  • Operating Expenses Projected: 27397
  • Parking: Open, Garage
  • Roof Type: Composition
  • Selling Agent: WONGSIMO
  • Selling Office: More Realty
  • Sewer: Public Sewer
  • Storage: Garage(S)
  • Tax Amount: 4109.26
  • Terms: Cash, Conventional
  • Unit Features: Deck, Fireplace, Range, Refrigerator, Washer/Dryer, Wood Floors, Air Conditioning
  • Unit Type 1 Baths Total: 3
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Deck, Fireplace, Wood Floors, Air Conditioning
  • Unit Type 1 Sq Ft: 2090
  • Unit Type 1 Units Total: 1
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Beds Total: 3
  • Unit Type 2 Features: Fireplace, Range, Refrigerator, Wood Floors
  • Unit Type 2 Sq Ft: 1112
  • Unit Type 2 Units Total: 1
  • Unit Type 3 Baths Total: 2
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Range, Refrigerator, Washer/Dryer, Wood Floors
  • Unit Type 3 Sq Ft: 800
  • Unit Type 3 Units Total: 1
  • Unit Type 4 Baths Total: 2
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Range, Refrigerator, Washer/Dryer, Wood Floors
  • Unit Type 4 Sq Ft: 800
  • Unit Type 4 Units Total: 1
  • Utilities Included: Sewer, Water
  • Water: Public
  • Year Built Info: Existing
  • Sold Date: 2018-06-15 00:00:00
  • Sold Price: 1280000
Courtesy of Neighborhood Works

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Jim Lutz

Jim Lutz, CCIM
Oregon Principal Broker
Premiere Property Group, LLC
Beaverton, OR 97006

503-750-6388
Contact Me

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Jim Lutz | 
503-750-6388 | Contact Me

1500 NW Bethany Blvd #190 - Beaverton, OR 97006
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