9700 SE 32nd Ave, Milwaukie, OR 97222

2 beds, 1.75 baths, 1,100 sqft
Sold: $85,000
Sold on 07/05/12
Zestimate®: $227,666
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2 Houses on 1 Lot - Owner will carry with large down! Great income potential rental properties! Offered at $ 107,000Property sold for $165,000 in 2007 and the buyer at that time remodeled the back house, put a foundation under the house and added an additional bedroom and bathroom.Wholesale deal:32nd Ave. in Milwaukie in great planned redevelopment zone - up and coming area. 2 Houses on 1 Large Lot:The back house is recently remodeled - new roof, electrical service, siding, foundation, new bedroom and bathroom addition making the house 1100 sq. ft. / 2b / 1ba. The property needs finish work, painting and floor coverings to make it rent ready. Estimated 5k to 6k in repairs.The front house is right on the main street, zoning will be for a small business (i.e. insurance company, locksmith, florist etc.) The front house was a piano repair shop for years but has been vacant now for some time. The property needs repair - roof, siding, exterior windows and doors, some foundation work and leveling would be a plus, painting and hardwood refinishing inside. It has a bathroom and small kitchen area. This house is ideal for a small showroom or service business. The square footage is an estimate at 700 sq. ft. It has a large front room with hardwood floors and large windows for desks or product displays.This property is a wholesale transaction that we have under contract; please don't contact the tenant unless we set it up for you. Terms:$107,000 for both houses.$60,000 down$47,000 carry back at 7.5% amortized over 20 years with 5 year balloon.Closing date is June 29th.Address is: 9700 SE 32nd Ave., Milwaukie, OR 97222Contact Randy McGrew at 503-929-7647Or Jeff Divers 503-201-6419 to discuss.  MoreLess
 
Facts
  • Lot: 8,910 sqft
  • Single Family
  • Built in 1945
  • Cooling: Wall
  • Last sold: Jul 2012 for $85,000
  • Price/sqft: $77
Features
  • Parking: Off street
    Construction
    • Construction quality: 5.0
    • Exterior material: Wood
    • # Stories: 1.0
    • Unit count: 1
    Other
    • Floor size: 1,100 sqft
    • Parcel #: 00012863
    • Zillow Home ID: 48210173
    Home Values
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    Neighborhood for 9700 Se 32nd Avenue

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    Zillow predicts Ardenwald home values will increase 4.2% next year, compared to a 4.8% rise for Milwaukie as a whole. Among Ardenwald homes, this home is valued 1.5% less than the midpoint (median) home, and is valued 55.7% less per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In the Ardenwald market, the number of foreclosures waiting to be sold dropped 18.7% in the last year. The number of unsold foreclosures is 18.2% less than in Milwaukie, and 65.8% less than the national average. This lower local number could help Ardenwald home values rise more quickly than other regions in Milwaukie.

    Learn more about forecast calculations or Ardenwald home values.
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