4318 SE MILWAUKIE AVE Active Save Request In-Person Tour Request Virtual Tour
Portland,OR 97202
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,147 sqft
Price per Sqft $182
Subdivision Brooklyn
MLS Listing ID 24024292
Year Built 1907
Annual Tax Amount $12,050
Tax Year 2023
Lot Size 8,276 Sqft
Property Description
Studs-Out remodel with exceptional craftsman touches and thoughtful upgrades throughout. This building is a 10! Perfect for owner occupants looking for a premium stand-alone artist/workshop/studio! Welcome home to the iconic Brooklyn Apartments! 8 Residential units in total (plus shop, office and basement). The original 1907 building has been lovingly cared for and completely updated with new systems all while keeping the vintage charm of the Arts & Crafts era intact. The original building includes a mix of (2) 2-bedroom, (4) 1-bedroom units and (1) studio apartment with a separate office space in the basement. All the units feature stylish finishes, creative use of space and vintage flair! The building also includes a separate office space in the basement and a very spacious completely open area for future storage / extra unit potential. The detached garage/shop with 2-bedroom owner's unit was built in 2013 and is perfect for the woodworker, artist or craft maker looking for their own detached and free-standing 873sf shop! The unit features amazing views to the east off their own private deck. The unit itself is dialed-in with gorgeous crown molding and built-ins throughout. The shop is fully functional with all the electrical upgrades one would expect in a fully functioning wood-working shop. The building is currently fully occupied with projected income of $156,960 annually and projected NOI of $103,082. All units have immediate potential future rental growth making this a very attractive truly turn-key investment. The seller is a carpenter and a craftsman - the pride of ownership will amaze you. Owner Financing Available up to 50% LTV @ Great Terms!
Location
State OR
County Multnomah
Community Laundry
Area _143
Zoning CM1
Interior
Heating Zoned
Cooling Mini Split
Exterior
Community Features Laundry
View City, Mountain, Territorial
Roof Type Composition
Building
Lot Description Corner Lot, On Busline
Story 4
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Grout
Middle Schools Hosford
High Schools Cleveland
Others
Acceptable Financing Cash,Contract,Conventional,OwnerWillCarry
Listing Terms Cash,Contract,Conventional,OwnerWillCarry