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$699,900

8 Beds 5 Baths 4,063 SQFT 0.00 Acres
Type: Multi-Family

2325 5TH AVE
West Linn, OR 97068

MLS#: 792946582
Melodee Radcliffe
Melodee Radcliffe
Premiere Property Group
Broker
Office: 541.241.6860
Presented by: Matin Real Estate -

Property Description

 

A rare opportunity to complete a 4-plex in the highly desirable Willamette area of West Linn! Currently under construction, this property offers an investor, builder, or owner-user the chance to step into a project where much of the upfront work has already been completed.All county plans and permits have been approved, with plumbing and electrical already in place. The property features four separate 2-bedroom units, a detached garage with additional storage, RV parking, and an RV hookup.Per seller, approximately $300,000 in additional investment is estimated to complete the project, with projected rents of approximately $2,000–$2,700 per unit per month once finished.An exciting opportunity to finish, customize, and create a strong income-producing property in one of West Linn’s most desirable areas, close to parks, riverfront recreation, shopping, dining, and Historic Willamette.Buyer to perform their own due diligence.


 

Interior Features

Bedrooms

Unit 1 Beds Total2
Unit 2 Beds Total2
Unit 3 Beds Total2
Unit 4 Beds Total2

Bathrooms

Unit 1 Baths Total2
Unit 2 Baths Total1
Unit 3 Baths Total1
Unit 4 Baths Total1

Other Interior Features

UnitType1ActualRent0
UnitType1FeaturesWoodFloors
UnitType1UnitsTotal1
UnitType2ActualRent0
UnitType2FeaturesWoodFloors
UnitType2UnitsTotal1
UnitType3ActualRent0
UnitType3UnitsTotal1
UnitType4ActualRent0
UnitType4UnitsTotal1
FuelDescriptionNone
BasementSeparateLivingQuartersApartmentAuxLivingUnit, Unfinished
Hot WaterElectricity
StorageGarage
Unit TypeUnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4

General

Accessory Dwelling Unit Y/NN
CityWestLinn
CoolingAirConditioningReady
CountyClackamas
DirectionsFollow I-5 S and I-205 N to 10th St in West Linn. Take exit 6 from I-205 N
Elementary SchoolWillamette
Gross Income0
HOANo
HeatingHeatPump
High SchoolWest Linn
Legal Description147 WILLAMETTE TRACTS PT TR A BLK 61
Listing TermsCash
MLS Area_147
Middle/Junior High SchoolAthey Creek
Net Operating Income0
Number Of Units Total4
Operating Expense0
Parcel Number748,533
Property TypeMultiFamily
Rent IncludesNone
RoofComposition
SewerPublicSewer
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount$2,629
ViewDescriptionTerritorial, TreesWoods
Year Built1910
ZoningR-10

Exterior

Building Area Total4,063 sqft
Exterior DescriptionWoodSiding
Lot FeaturesGentleSloping, Level
Parking FeaturesDetached, RVAccessParking
Road Surface TypeConcrete, Paved
Water SourcePublicWater

Additional Details

Price History

Schools 

High School West Linn High School
Elementary School Willamette Elementary School
Middle School Athey Creek Middle School

  

Similar Properties

$699,900

8 Beds 5 Baths 4,063 SQFT 0.00 Acres
Type: Multi-Family

2325 5TH AVE
West Linn, OR 97068

MLS#: 792946582
Melodee Radcliffe
Melodee Radcliffe
Premiere Property Group
Broker
Office: 541.241.6860