5013 Southwest View Point Terrace
Portland, OR 97239
$1,750,000
Price
—
Beds
8,365 Sq. Ft.
$209 / Sq. Ft.
8,365
Sq. Ft.
$209
per Sq. Ft.
Description
Seller will carry a first position loan at terms to be provided! 6.12 Cap Rate! 5 Unit apartment community in the heart of SW Portland, John's Landing & South Portland neighborhood. Minutes to downtown Portland & ideal for owner occupy! The property's 1, 3 & 4 bedroom units feature large floor plans, fully equipped kitchens w/stainless appliances, fireplaces, A/C, in-unit washer & dryer, patios or balconies & attached garages. Photos of Unit 5017 is 1900 sq. ft. apartment w/4 bedrooms, 2.5 bathrooms...Seller will carry a first position loan at terms to be provided! 6.12 Cap Rate! 5 Unit apartment community in the heart of SW Portland, John's Landing & South Portland neighborhood. Minutes to downtown Portland & ideal for owner occupy! The property's 1, 3 & 4 bedroom units feature large floor plans, fully equipped kitchens w/stainless appliances, fireplaces, A/C, in-unit washer & dryer, patios or balconies & attached garages. Photos of Unit 5017 is 1900 sq. ft. apartment w/4 bedrooms, 2.5 bathrooms & river views. Photos of Unit 5021 is 2200 sq. ft. apartment w/4 bedrooms, 2.5 bathrooms and 2 car garage. Minutes to mass transit, freeways, shopping & recreation. Seller financing available, terms to be provided upon request. Additional utility offset paid by tenants $44 per person in each unit. Currently is $704 per month. Most units are nicely updated. Do not disturb tenants, Showing subject to Buyer qualifications and acceptable offer.
- Listed by Peter Jameson • J Residential Properties
- Listed by Erin Jameson Maher • J Residential Properties
Property Details for 5013 Southwest View Point Terrace
Subdivision
SOUTH PORTLAND
Parking FeaturesGarage, Off Street
ZoningR1
ViewMountain, River, Valley
Garage Spaces6.00
Parking Total5.00
LISTING UPDATED: 08/27/2024 02:12 PM
Property Details for 5013 Southwest View Point Terrace
| Status | Active |
|---|---|
| MLS # | 24024738 |
| Days on Market | 83 |
| Taxes | $20,256 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1979 |
| Lot Size | 0.23 AC / 10,018 SF |
| County | Multnomah County |
Building Information for 5013 Southwest View Point Terrace
Stories2Residences5Year Built1979Building Size-Lot Size0.23 AC / 10,018 SF
Property Information for 5013 Southwest View Point Terrace
Summary
Location and General Information
- Country: US
- Directions: Macadam to Mitchell to Viewpoint
- Road Surface: Concrete
School Information
- Elementary School: Capitol Hill
- High School: Ida B Wells
- Middle Or Junior School: Jackson
Taxes and HOA
- Management Name: TMG Jordan Miller
- Tax Year: 2023
- Tax Annual Amount: $20,256.38
- Parcel Number: R285411
- Tax Legal Description: TERWILLIGER HMSTD, BLOCK 14, LOT 2&3
Property
Lot Information
- Acres: 0.23
- Lot Description: Sloped
- Lot Size Square Feet: 10018.0
- Lot Size Range: Sq Ft10000to14999
- Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
- Property Type: Multi Family
- Water Description: Public Water
- Property Condition: Existing
- Year Built: 1979
Utilities
- Cooling Description: Central Air, Wall Unit
- Fuel Description: Electricity
- Heating Description: Forced Air90, Wall Heater
- Hot Water Description: Electricity
- Sewer Description: Public Sewer
- Rent Includes: None
Interior and Exterior Features
Exterior Features
- Exterior Description: Panel, T111Siding
- Roof Type: Composition
Interior Features
- Basement: Daylight, Finished
- Foundation Details: Block, Concrete Perimeter
- Stories: 2
Amenities
Amenities Information
- Internet Service Type: Cable
Multi Family
Multi-Family Information
- Number Of Units Total: 5
- Gross Income Actual: $164,100.00
- Gross Income Projected: $182,274.00
- Gross Rent Multiplier: $10.66
- Investor Information: Leases, Profit Loss Statement
- Net Income Actual: $107,044.00
- Net Income Projected: 124128
- Operating Expenses Projected: $58,146.00
- Operating Expense: $57,056.00
- Storage: Garage
- Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5
- SqFt Approximate Building Total: 8365
Unit 1 Information
- Unit Type 1 Baths Total: 1
- Unit Type 1 Beds Total: 1
- Unit Type 1 Features: Dishwasher, Range, Refrigerator, Washer Dryer
- Unit Type 1 Rent: $1,485
- Unit Type 1 SqFt: 630.0
- Unit Type 1 Units Total: 1
Unit 2 Information
- Unit Type 2 Baths Total: 2
- Unit Type 2 Beds Total: 3
- Unit Type 2 Features: Air Conditioning, Deck, Fireplace, Washer Dryer
- Unit Type 2 Rent: $2,425
- Unit Type 2 SqFt: 1635.0
- Unit Type 2 Units Total: 1
Unit 3 Information
- Unit Type 3 Baths Total: 3
- Unit Type 3 Beds Total: 4
- Unit Type 3 Features: Air Conditioning, Deck, Fireplace, Washer Dryer
- Unit Type 3 Rent: $2,995
- Unit Type 3 SqFt: 1950.0
- Unit Type 3 Units Total: 1
Unit 4 Information
- Unit Type 4 Baths Total: 3
- Unit Type 4 Beds Total: 4
- Unit Type 4 Features: Air Conditioning, Deck, Fireplace, Washer Dryer
- Unit Type 4 Rent: $3,200
- Unit Type 4 SqFt: 1950
- Unit Type 4 UnitsTotal: 1
Unit 5 Information
- Unit Type 5 Baths Total: 3
- Unit Type 5 Beds Total: 4
- Unit Type 5 Features: Air Conditioning, Deck, Fireplace, Washer Dryer
- Unit Type 5 Rent: $3,475
- Unit Type 5 SqFt: 2200.0
- Unit Type 5 Units Total: 1
Public Records for 5013 Southwest View Point Terrace
Taxable ValueLand-Additions-Total-
Tax Record2017$16,013 ($1,334 / month)
Home Facts
Baths8Above Grade Finished SqFt5,696 SqFtFinished Basement SqFt2,774 SqFtUnfinished Basement SqFt2,774 SqFtStories2Lot Size10,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1979Year Renovated1979ZoningR1CountyMULTNOMAHAPNR285411
Schools near 5013 Southwest View Point Terrace
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 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
Capitol Hill Elementary School PublicK to 5 | ||
Jackson Middle School Public6 to 8 | ||
Ida B. Wells-Barnett High School Public9 to 12 | ||
Winterhaven School PublicK to 8 |
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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Listing Courtesy of J Residential Properties
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