tomo logo

$1,035,000

Beds
7
sq ft
2,824

1035 SE 14th Ave, Portland, OR 97214

1035 SE 14th Ave

Portland, OR 97214

  • 250 days on market
    • Price drop $15,000↓
Charming fully restored 6-unit building situated in Buckman neighborhood between popular Belmont and Hawthorne shops and restaurants. Walkers paradise: 96 & Bikers paradise: 97. 2018 studs out remodel included electrical wiring/panels, water lines, water heaters, doors, bathrooms, common area, washer/dryer/storage room and kitchens with new cabinets, quartz countertops and stainless appliances. New roof in 2020 and common area windows in 2021. Unit mix is comprised of three (3) 1 bed / 1 bath units, one (1) 2 bed / 1 bath unit and two studios upstairs sharing one bath. Prime close-in investment opportunity to acquire a turn-key well performing asset in a strong Portland submarket. Subject property currently achieves gross monthly rents of $7,780 per month $75 pet rent + 2024 utility reimbursements averaging ~$590 per month.

Details

Property type

Property condition

Updated/Remodeled

Lot size

2,613 sq ft

Price per sq ft

$367

Year built

1908

Annual property taxes

$11,527.46

Price History

09/01/2024
PortlandOR

PortlandOR #24185516

Removed
$1,035,000
08/23/2024
PortlandOR

PortlandOR #24185516

Removed
$1,035,000
08/21/2024
PortlandOR

PortlandOR #24185516

Listed
$1,035,000

Schools & Community

Neighborhood: 

Buckman

Elementary school: 

Buckman

Middle school: 

Hosford

High school: 

Cleveland

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Maps Cu

Loan start date

September 2023

Original loan amount

$2,720,000

Est. remaining balance

Not provided

Interest rate

6.34%

Loan type

Credit Line (Revolving), 10 year

Seller

Galen Group Llc

Lender

Washington Trust Bank

Loan start date

March 2022

Original loan amount

$539,000

Est. remaining balance

Not provided

Interest rate

2.7%

Loan type

Credit Line (Revolving), 5 year

Seller

Galen Group Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/05/2024 at 3:20 PM

Listing updated: 09/22/2024 at 1:13 AM

Listed by: Cory Carlson, Constant Commercial Real Estate Inc Phone #: (503) 222-0282

MLS: PortlandOR #24185516

PortlandOR logo

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