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    13306 SE Linden Ln

    Milwaukie, OR 97222
    • $3,195,000
    • STATUS: Pending
    • ON SITE: 13 days
    • MLS #: 21676677
    Pending
    $3,195,000
    • 2
      BEDS
    • N/A
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 24,000
      SQFT
    • $133
      $/SQFT

    School Information

    Middle School:

    Description

    Twenty-20 two bedroom / 1 bath apartment units, 780 square feet each. Subject property has a stable/long-term operating history. Collected income: 2019($234,975), 2020($230,442 *modest Covid impact + five extensive unit turnovers resulted in temporary vacancies). Average current scheduled rent = $1,147 per unit. Highest rent currently achieved = $1,250. Primed for continued near-term income growth. New roofs in 2021 and sewer line to all 5 buildings in 2020.

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    Listing content is copyright © 2021 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-09-27T23:39:52.157.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
    www.nexthomepdx.com/homes/121418977
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    13306 SE Linden Ln Milwaukie, OR 97222

    • Price: $3,195,000
    • Status: Pending
    • MLS #: 21676677
    2
    Beds
    1
    Baths
    0
    ½ Baths
    N/A
    Acres
    24,000
    SQFT
    $133
    $/SQFT
    1967
    Built
    Neighborhood:
    145-Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada
    County:
    Clackamas
    Area:
    145-Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada
    Middle School:
    Other
    Property Description
    Twenty-20 two bedroom / 1 bath apartment units, 780 square feet each. Subject property has a stable/long-term operating history. Collected income: 2019($234,975), 2020($230,442 *modest Covid impact + five extensive unit turnovers resulted in temporary vacancies). Average current scheduled rent = $1,147 per unit. Highest rent currently achieved = $1,250. Primed for continued near-term income growth. New roofs in 2021 and sewer line to all 5 buildings in 2020.
    Exterior Features

    Lot Size 1 To 2.99 Acres Roof Type Composition View YN No Water Description Public

    Interior Features

    Heating Description Baseboard Unit Features DishwasherRangeRefrigerator Unit Type1 Features DishwasherRangeRefrigerator Unit Type1 Sq Ft 780

    Property Features

    Bank Owned YN No Capitalization Rate 5.34 Country Us Fuel Description Electricity Gross Income Actual 279000 Gross Income Projected 300000 Gross Rent Multiplier 11.45 Net Income Actual 170665 Net Income Projected 201969 Occupancy Types LeasedMonth To Month Operating Expenses Actual 94571 Operating Expenses Projected 96831 Property Condition Existing Rent Includes SewerWater Sewer Description Public Sewer Short Sale YN No Tax Amount 22538.90 Third Party Approval YN No Unit Type1 Rent 1147 Unit Type1 Units Total 20 Zoning Mr1

    Listing provided courtesy of Realty Yield.


    Listing content is copyright © 2021 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-09-27T23:39:52.157.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
     
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