tomo logo

$1,050,000

Beds
8
sq ft
2,835

7710 SE Mitchell St, Portland, OR 97206

7710 SE Mitchell St

Portland, OR 97206

  • 138 days on market
    • Price drop $50,000↓
Welcome to this stunning newly remodeled 4-plex located in the vibrant Foster-Powell neighborhood of Portland. Meticulously renovated with modern upgrades and stylish finishes, this property offers a rare opportunity for investors seeking a turnkey investment in one of Portland's most desirable areas.Each unit has been thoughtfully redesigned with contemporary aesthetics and premium finishes, creating a cohesive blend of style and functionality. From chic flooring to sleek fixtures, no detail has been overlooked in these modern living spaces. This property has long-term tenants, market rents and the coveted convenience of onsite parking, this property stands as a testament to the enduring appeal of Portland's historic neighborhoods.

Details

Property type

Est. home value

$657,719

Property condition

Updated/Remodeled

Lot size

0.23 acres

Price per sq ft

$371

Year built

1965

Annual property taxes

$8,409.1

Price History

09/16/2024
PortlandOR

PortlandOR #24412812

Price change
$1,050,000
-4.55%
08/27/2024
PortlandOR

PortlandOR #24412812

Removed
$1,100,000
08/06/2024
PortlandOR

PortlandOR #24412812

Listed
$1,100,000

Schools & Community

Neighborhood: 

Foster-Powell

Elementary school: 

Marysville

Middle school: 

Kellogg

High school: 

Franklin

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

April 2023

Original loan amount

$594,000

Est. remaining balance

Not provided

Interest rate

6.5%

Loan type

Commercial

Seller

Red Rocket Enterprises Llc

Lender

Riverbend Funding Llc

Loan start date

April 2022

Original loan amount

$616,726

Est. remaining balance

Not provided

Interest rate

3.92%

Loan type

Commercial

Seller

Red Rocket Enterprises 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: 10/05/2024 at 7:15 PM

Listing updated: 10/03/2024 at 7:59 AM

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

MLS: PortlandOR #24412812

PortlandOR logo

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