Located near the Pacific University campus, the property is a six-unit, two-story apartment property comprised of all flat units and was built in 1920. Construction is primarily wood frame exterior walls with painted wood lap siding and wood frame roof with composition shingle cover. The property is comprised of one-bedroom units with one bathroom. Current rents are approximately 35% below current averages for one bedroom apartments in the area. The astute investor could bring rents to market over time as well as finish out the basement to add an additional unit to the portfolio. Offer subject to interior inspection. Do not Disturb Tenants.
Sold
$650,000
1907 23rd Ave, Forest Grove, OR 97116
6beds
5,130sqft
Multi Family
Built in 1920
-- sqft lot
$624,400 Zestimate®
$127/sqft
$1,835 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: June 25, 2024 at 02:34am
Listed by:
Benjamin Ficker 971-235-9561,
Keller Williams Sunset Corridor
Bought with:
James Spitler, 201229856
eXp Realty, LLC
Source: RMLS (OR),MLS#: 24546217
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Cooling
- None
Appliances
- Included: Electric Water Heater
- Laundry: Common Area
Features
- Basement: Full,Unfinished,Storage Space
Interior area
- Total structure area: 5,130
- Total interior livable area: 5,130 sqft
Property
Parking
- Parking features: Off Street
Features
- Stories: 3
Lot
- Size: 0.29 Acres
- Features: Level, SqFt 10000 to 14999
Details
- Parcel number: R745741
- Zoning: RMH
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Composition
Condition
- Approximately
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Laundry
Location
- Region: Forest Grove
HOA & financial
Other financial information
- Total actual rent: 5320
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
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Estimated market value
$624,400