Welcome to the Mt. View Cottages, a rare public offering of a 6-unit apt complex that presents an opportunity to buy an established complex with strong in-place income & proven upside. 3 separate duplexes on one parcel. 3 units have recently been renovated. Exceptionally located, walking distance to Sunset Elementary, West Linn High School, & numerous parks and nature reserves. Current cap rate of +/-4.89% with proforma cap rate of +/-5.72%. (2) 562 SF 2bed/1bath units and (4) 557 SF 1bed/1bath units
Sold for $990,000 on 10/27/23
Listed by:
ASHLEY LACER CELL:541-231-7788,
Land And Wildlife Llc Tm, Exclusive Partner Of Landleader Tm
Bought with: Non-Member Sale
$990,000
4642 Riverview Ave, West Linn, OR 97068
8beds
6baths
3,351sqft
Multi Family
Built in 1942
-- sqft lot
$1,033,000 Zestimate®
$295/sqft
$1,949 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 06, 2023 at 12:58pm
Listed by:
ASHLEY LACER CELL:541-231-7788,
Land And Wildlife Llc Tm, Exclusive Partner Of Landleader Tm
Bought with:
NOM NON-MEMBER SALE
Non-Member Sale
Source: WVMLS,MLS#: 809564
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
Appliances
- Included: Refrigerator
- Laundry: Common Area
Features
- Has fireplace: No
Interior area
- Total structure area: 3,351
- Total interior livable area: 3,351 sqft
Property
Features
- Patio & porch: Deck
Lot
- Size: 0.46 Acres
Details
- Zoning: R-4.5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1942
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: West Linn
HOA & financial
Other financial information
- Total actual rent: 6200
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
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Estimated market value
$1,033,000