11604 Southwest 35th Avenue

Portland, OR 97219

$860,000
Price
Beds
2,618 Sq. Ft.
$328 / Sq. Ft.
2,618
Sq. Ft.
$328
per Sq. Ft.

Description

Park like settings, HUGE Half Acre lot! Charming Adult Foster Care Home with Long-Term Tenant. CUSTOM BUILT excellent SW Portland location. Nestled in a tranquil neighborhood, this property is a hidden gem for investors seeking a reliable income stream. Currently occupied by a long-term tenant, the premises have been successfully operated as an Adult Foster Care Home, ensuring stability and a proven track record of success. Special Layout: Designed to cater to the needs of an Adult Foster Care facility,...Park like settings, HUGE Half Acre lot! Charming Adult Foster Care Home with Long-Term Tenant. CUSTOM BUILT excellent SW Portland location. Nestled in a tranquil neighborhood, this property is a hidden gem for investors seeking a reliable income stream. Currently occupied by a long-term tenant, the premises have been successfully operated as an Adult Foster Care Home, ensuring stability and a proven track record of success. Special Layout: Designed to cater to the needs of an Adult Foster Care facility, the property boasts 5 bedrooms, 2.5 baths on the Main level, Separate living quarters upstairs with 2 Master Suites. Extensive decking all around. Fire suppression system and generator hook-up. Quality remodel w/Newer roof, fiber cement siding, gutters. Vinyl windows, Entry & French Patio doors, laminate flooring & carpet, gas range, refrigerator. Unfinished 1800 sqft daylight basement! Prime Location: Situated in a serene and accessible area, the property benefits from proximity to essential amenities, including parks, medical facilities, and shopping centers. Excellent Condition: Regular upkeep and maintenance by the current tenant ensure that the property is in excellent condition, ready for continued use as a foster care home or any other purpose you envision. Investment Opportunity: Turnkey Operation: With a stable, long-term tenant already in place, this property offers a turnkey investment opportunity with minimal initial effort. Versatile Potential: Whether you wish to continue its operation as an Adult Foster Care Home or explore other possibilities, this property offers versatile potential to suit your investment goals. Make Your Offer subject to Interior Inspection, providing you the opportunity to thoroughly review the property and confirm its suitability for your needs. Don't miss this unique opportunity to invest in a property with a successful business model and a dependable tenant. Please don't disturb tenant. Photos from previous listing. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10127781]
  1. Listed by Edward Peters • MORE Realty • 503-706-4709

Property Details for 11604 Southwest 35th Avenue

Subdivision
STEPHENSON
Parking Features
Driveway, Garage
Zoning
R20
View
Creek Stream, Territorial, Trees Woods
Garage Spaces
2.00
Parking Total
4.00
LISTING UPDATED: 11/21/2024 01:07 AM

Property Details for 11604 Southwest 35th Avenue

StatusActive
MLS #24652492
Days on Market12
Taxes$11,520 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1989
Lot Size0.51 AC / 22,215 SF
CountyMultnomah County

Building Information for 11604 Southwest 35th Avenue

Stories2Residences1Year Built1989Building Size-Lot Size0.51 AC / 22,215 SF

Property Information for 11604 Southwest 35th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: SW Capitol Hwy, East on SW Huber St, South on SW 35th Ave
  • Energy Efficiency Features: Double Pane Windows
  • Road Surface: Paved
School Information
  • Elementary School: Stephenson
  • High School: Ida B Wells
  • Middle Or Junior School: Jackson
Taxes and HOA
  • Tax Annual Amount: $11,520.27
  • Parcel Number: R331483
  • Tax Legal Description: SECTION 32 1S 1E, TL 3900 0.51 ACRES
Property
Lot Information
  • Acres: 0.51
  • Lot Description: Cul_de_sac, Gentle Sloping, Green Belt, Private
  • Lot Size Square Feet: 22215.0
  • Lot Size Range: Sq Ft20000to Acres1
  • Lot Size: 20,000 Sq Ft to .99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1989
Utilities
  • Cooling Description: Central Air
  • Fuel Description: Gas
  • Heating Description: Forced Air
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding, Lap Siding
  • Roof Type: Composition
  • Waterfront Description: Creek
  • Water Name: Arnold Creek
Interior Features
  • Basement: Daylight, Unfinished
  • Foundation Details: Concrete Perimeter, Pillar Post Pier
  • Stories: 2
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • Number Of Units Total: 1
  • Gross Income Actual: $78,000.00
  • Gross Income Projected: $96,000.00
  • Gross Rent Multiplier: $11.03
  • Investor Information: According To Owner, Leases
  • Net Income Actual: $66,479.00
  • Net Income Projected: 84000
  • Operating Expenses Projected: $12,000.00
  • Operating Expense: $11,521.00
  • Security Features: Entry, Fire Sprinkler System, Security System Owned
  • Storage: Basement
  • Unit Type Type: Unit Type Type1
  • SqFt Approximate Building Total: 2618
Unit 1 Information
  • Unit Type 1 Baths Total: 5
  • Unit Type 1 Baths Decimal: 4.10
  • Unit Type 1 Beds Total: 7
  • Unit Type 1 Features: Air Conditioning, Deck, Refrigerator, Washer Dryer
  • Unit Type 1 Rent: $6,500
  • Unit Type 1 SqFt: 2618.0
  • Unit Type 1 Units Total: 1

Property History for 11604 Southwest 35th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11604 Southwest 35th Avenue

Taxable ValueLand-Additions-Total-
Tax Record2023$11,077 ($923 / month)
Home Facts
Beds7Baths4.5Total Finished SqFt2,418 SqFtAbove Grade Finished SqFt2,418 SqFtStories2Lot Size22,216 SqFtStyleMiscellaneous ResidentialYear Built1989ZoningR20CountyMULTNOMAHAPN1S1E32AC 03900

Schools near 11604 Southwest 35th Avenue

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Stephenson Elementary School
PublicK to 5

Jackson Middle School
Public6 to 8

Ida B. Wells-Barnett High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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11604 Southwest 35th Avenue is a multi-family home for sale in Portland, OR 97219. This property was listed for sale on November 11, 2024 by MORE Realty, it's currently listed at $860,000. It has been on the market for a total of 12 days and was last sold on October 8, 2020. This listing's school district is Portland School District 1j. Nearby schools include Stephenson Elementary School, Jackson Middle School and Ida B. Wells-Barnett High School. 11604 Southwest 35th Avenue is a 0-bed, 0-bath, 2,618 sqft multi-family home built in 1989.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of MORE Realty

All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 11/21/2024 01:07 AM