Active
4318 SE MILWAUKIE AVE
Portland OR, 97202
$2,100,000
$206.96 per sqft
Active
10 Beds
12 Baths
10,147 sqft
Multi-family
Built in 1907
Courtesy of JMA Properties LLC 503-810-2219
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 / office space 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 @ Amazing Terms!
23206585
MLSⓇ ID
April 13, 2023
Listed
March 27, 2024
Updated
Map
4318 SE MILWAUKIE AVE
Portland OR, 97202
Interior Features
Bedrooms
10 Beds
Bathrooms
12 Baths
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Zoned
Exterior/Building Features
Lot Features
Corner Lot
Roof
Composition
Sewer
Public Sewer
School Information
High School
Cleveland
Elementary School
Grout
Other Property Details
Area Name
_143
Taxes
$12,050
Tax Frequency
Annually
Days on Market
347
Garage
No
Parking
Assigned
Parking Total
3
View
Yes
View Description
City
County
Multnomah
Water Source
Public Water
Pool
No
Zoning
CM1
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
1/11/2024 | Price Change | $2,100,000 -3% |
6/3/2023 | Price Change | $2,150,000 -3% |
Courtesy of JMA Properties LLC, Brian Porter
Listing Contact: 503-810-2219
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