2507 SE Monroe St, Milwaukie, OR 97222

$1,568,000

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Property Description

Great location! Value-added 8-Unit apartment building in the heart of Milwaukie, just around the corner from largest Waldorf school in the State and one block from Milwaukie High School, near the waterfront and restaurants. 6 units out of 8 have been remodeled/updated during 2021-2023. Total 8 unit at one level: 1 unit has 2B/1.1B, 6 units are 2B/1B, 1 unit has 1B/1B. Low maintenance, brick siding, newer roof and newer kitchen appliances! New electric panels in all units! fully rented! Cap rate at 5.93%! Turn-key opportunity to expand your real estate portfolio!

2507 SE Monroe St | MLS# 319345699

This multi-family property located at 2507 SE Monroe St, Milwaukie, OR 97222 is currently listed for sale with an asking price of $1,568,000. Search Milwaukie real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Fuel Type: Electricity
Heating: Baseboard
Lot Size: 12,197
Roof Type: Composition
Stories: 1.0
Taxes: $10,291
Year Built: 1963
Square Feet: 6,000

Units

Unit Type 1:
Bathroom(s): 2
Bedrooms: 2
Features: Range, Refrigerator, WasherDryerHookup
Rent: $1500.00
Square Footage: 850
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator, WasherDryerHookup
Rent: $1449.00
Square Footage: 775
Total Units: 1
Unit Type 3:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator, Storage, WasherDryerHookup
Rent: $1549.00
Square Footage: 775
Total Units: 1
Unit Type 4:
Bathroom(s): 1
Bedrooms: 2
Features: Range
Rent: $1345.00
Square Footage: 775
Total Units: 1
Unit Type 5:
Bathroom(s): 1
Bedrooms: 2
Rent: $1345.00
Square Footage: 775
Total Units: 1
Unit Type 6:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator, WasherDryer
Rent: $1425.00
Square Footage: 775
Total Units: 1
Unit Type 7:
Bathroom(s): 1
Bedrooms: 1
Features: Range, Refrigerator
Rent: $1195.00
Square Footage: 450
Total Units: 1
Unit Type 8:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator, WasherDryerHookup
Rent: $1400.00
Square Footage: 650
Total Units: 1

Feature Descriptions

Days on Site: 42
Exterior: Brick
Gross Income: $133016.00 (Actual)
Hot Water: Electricity
Lot: Level
Lot Dimensions: 12197
Net Income: $92953.00 (Actual)
Operating Expenses: $43360.00 (Actual)
Parking: OffStreet
Parking Notes: OffStreet
Sewer: Public Sewer
Special View Info: Territorial
Storage: Attached
Units: 8
Water: Public Water

Local Schools

High School: Milwaukie
Middle School: Rowe
Elementary School: Other

Listed By / Shown By

Listed By

Agency Name: Brantley Christianson Real Estate
Agency Contact: 503-616-8122

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 9,243.58 per month $7,928.66 Principal & Interest $857.58 Property Tax $457.33 Homeowner's Insurance

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