Portland, OR 97206,7606 SE FLAVEL ST
Portland, OR 97206,7606 SE FLAVEL ST
Portland, OR 97206,7606 SE FLAVEL ST
Portland, OR 97206,7606 SE FLAVEL ST
Portland, OR 97206,7606 SE FLAVEL ST
Portland, OR 97206,7606 SE FLAVEL ST
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Listed by SMI Commercial Real Estate LLC
Bought with Premiere Property Group, LLC

$691,326

$745,000

7.2%
Est.Price: ?

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Est. payment /mo

3,614 SqFt


SOLD DATE : 07/05/2024

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

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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Regional Multiple Listing Service (RMLS)

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Ted Tanner

Principal Broker | Lic# 201210644

+1(503) 828-7839

1915 NE Stucki Ave. Suite 250, Hillsboro, OR, 97006

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