Listing Courtesy of: Brian Spear - JMA Properties LLC
503-575-1818
$1,950,000
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4318 SE MILWAUKIE Ave Unit 4318 Portland, OR 97202
Multi-Family
Residence
Beds
Baths
10,147
Sq. Ft.
0.19
Acre
Lot
Property Activity
Time on Site
days
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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 ba...sement). 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!
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MLS#
24024292
Property Type
Multi-Family
Status
Year Built
1907
Square Feet
10,147
sq. ft
Lot Size
0.19
Sewer
Public Sewer Available
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