tomo logo

$1,550,000

Beds
12
sq ft
5,400

13211 SE Oatfield Rd, Portland, OR 97222

13211 SE Oatfield Rd

Milwaukie, OR 97222

  • 154 days on market
Rare turn-key investment opportunity located at the end of the Milwaukie MAX line. This fully leased-up 6-unit investment features meticulously renovated 2BD/1.5 BA apartments. The property comprises three separate 2-story duplex buildings on two tax lots, ideally situated in Milwaukie between two main arteries, Oatfield Road and McLoughlin Blvd. The remodeled units showcase updated kitchens with new cabinets, countertops, fixtures, hardware, and stainless steel appliances. Bathrooms have been modernized with new vanities, flooring, toilets, and fixtures. The remaining units boast new laminate flooring, carpets in bedrooms, light fixtures, in-wall heaters, outlets, doors, hardware, and fresh paint. Each unit includes a primary suite with an attached half bath, a new washer & dryer located in the hallway, and an attached exterior storage unit. The property offers ample off-street parking, semi-private large yard space for lower units, and beautiful new large decks for the upper units. Exterior enhancements feature new fences, decks, double-paned vinyl windows, newer roofs, and exterior paint. With a residential feel and high income potential, the updated 6-Plex ensures a low-maintenance investment for the discerning buyer.

Details

Property type

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$288

Year built

1971

Annual property taxes

$7,721

Price History

07/07/2024
PortlandOR

PortlandOR #24450095

Removed
$1,550,000
07/01/2024
PortlandOR

PortlandOR #24450095

Listed
$1,550,000
05/16/2024
PortlandOR

PortlandOR #24450095

Listed
$1,550,000

Schools & Community

Elementary school: 

Oak Grove

Middle school: 

Alder Creek

High school: 

Putnam

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

Legacy Lending Llc

Loan start date

November 2022

Original loan amount

$543,150

Est. remaining balance

Not provided

Interest rate

6.92%

Loan type

Building or Construction Loan

Seller

Band Camp Partners 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: 07/07/2024 at 6:00 PM

Listing updated: 07/07/2024 at 1:48 AM

Listed by: Amanda Rose, RE/MAX Advantage Group Phone #: (503) 855-3298

MLS: PortlandOR #24450095

PortlandOR logo

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