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Listing 9 out of 70
$699,900 For Sale

3650 SE Johnson Creek Blvd
Milwaukie, OR 97222

3 units | Multi Family Home - MLS# 18359113
Property Photo
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Description

Fantastic income opportunity for a short term rental investment property. Owner occupy the main level and rent out the other two units. Permitted short term rental units do not have full kitchens, perfect to make massive cashflow with your guests in for the weekend. Actual rents show low because of owner occupant in largest unit.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Clackamas County
  • Zip Code: 97222
  • Year Built: 1952
  • Elementary School: Ardenwald
  • High School: Milwaukie
  • Sq.Ft.: 3,282 sq ft
  • Units: 3 units
  • Basement: Finished, Partial Basement
  • Lot Size: 10, 000 To 14, 999 Sqft
  • Zoning: R7
  • Area: Milwaukie, Gladstone, Happy Valley, Clckmas, Dmscus, Estacada
  • Exterior: Wood Siding
  • Fuel: Electricity
  • Gross Income Actual: 37628
  • Gross Income Projected: 61500
  • Gross Rent Multiplier: 18.60
  • Heating: Forced Air
  • Hot Water: Electricity
  • Limited Representation: Limited Service
  • Lot: Level
  • Net Income Actual: 26666
  • Net Income Projected: 49695
  • Occupancy Types: Month To Month, Other, Vacant
  • Operating Expenses Actual: 10962
  • Operating Expenses Projected: 11805
  • Parking: Paved, Garage
  • Roof Type: Composition
  • Sewer: Public Sewer
  • Tax Amount: 4531.07
  • Terms: Cash, Conventional
  • Unit Features: Furnished, Hardwood Floors
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Furnished
  • Unit Type 1 Sq Ft: 550
  • Unit Type 1 Units Total: 1
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Hardwood Floors
  • Unit Type 2 Sq Ft: 1500
  • Unit Type 2 Units Total: 1
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Features: Furnished
  • Unit Type 3 Sq Ft: 1100
  • Unit Type 3 Units Total: 1
  • Utilities Included: Electricity, Trash Collection, Sewer, Water
  • Water: Public
Courtesy of Equity Pacific Real Estate Llc
agent photo
Rod Erickson
Principal Broker

Gresham, OR 97030
Call: 503-349-0422
Email: raerickson@aol.com
Email: RodErickson@OregonFirst.com
 

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