MLS # 23361053 | Listed by Legend Real Estate Services 919 7 Th St is a $1,599,900, 13,384 square foot home on a 0.15 acre lot located in Oregon City, OR.
Actual CAP RATE 7.4% with only 75% square footage occupied. Own a piece of History built in 1905, a Historical Registered Building. This building brings in $14,095 monthly income on just 2 of the floors. The Basement is approximately 3230 square footage that is vacant with two office space and additional open space and the top floor is empty, approximately 796 sq ft, with more square footage to be finished out. The second floor, approximately 4837 sqft, has 13 bedrooms, 5.1 bathrooms, and 4 kitchens rented by a non-profit that provides discounted property taxes. The 1st floor, approximately 4522 sq ft, has two rented retail spaces and one occupied apartment. Currently, the building has an actual CAP Rate of 7.4% and a potential proforma CAP Rate of 9.5% with a filling basement. The following maintenance has been performed to the building: the roof was done in 2020; the Fire Sprinkler System was installed in 2020-2023; the Plumbing upgrade in 2023; the sewer line to the street was replaced in 2023; the Basement waterproofing in 2023; Foundation post upgrade 2023, water heater for the building was installed 2020, and First floor HVAC 2019 and 2021.
| Heating Types | Gas Mini Split |
| Parking Types | On Site On Street |
| Exterior Features | Display Window Inside Storage Paved Leases Sprinkler |
| Roof | Composition |
| Construction Types | Full Basement Lap Siding Wood Frame |
| Water Source | Public Water |
| Sewer | Public Sewer |
| Brokerage Name | Legend Real Estate Services |
| Brokerage Contact | 503-502-9678 |
| Property Type | Commercial Sale |
| Property Sub Type | Commercial |
| Style | Leased Multi Family Retail Existing |
| Year Built | 1905 |
| HOA Fee | $0.00 |
| Taxes | $9,218.00 |
| County | clackamas |
| Financial Terms | Cash Conventional |
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Soldera Properties, Inc. are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2023 RMLS™, Portland, Oregon. This content last updated on 12/08/2023 at 04:42am MST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
