Bought with MORE Realty
$2,177,901
$2,199,900
1.0%For more information regarding the value of a property, please contact us for a free consultation.
10,160 SqFt
SOLD DATE : 11/25/2024
Key Details
Sold Price $2,177,901
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,160 sqft
Price per Sqft $214
Subdivision Downtown Gresham
MLS Listing ID 24090840
Sold Date 11/25/24
Year Built 1969
Annual Tax Amount $14,845
Tax Year 2023
Lot Size 0.640 Acres
Property Description
Welcome to the Cleveland Colonial Apartments. This is a 10-unit community conveniently located just a 1/2 mile from historic downtown Gresham. The building has a great unit mix of eight 3 bedroom/1 bath, 1000+ square foot units and two 2 bedroom/1 bath, 800+ square foot units. All units have been upgraded to include but are not limited to engineered hardwood floors, newer windows, kitchens with newer appliances and countertops, newer fixtures, and in-unit washers and dryers. All units uniquely have their own private backyards, and parking right in front of the units as well as plenty of additional off-street parking. The units have quite a few longer term tenants as a result of their amenities, the size of the units, and the location. This location is a walker’s paradise and many daily errands do not require a car. The property has a 91 walk score. This building is roughly a 7-minute walk from the Blue MAX Line. All units are currently occupied with a mix of both long term and newer tenants. The basement could be rented out as additional storage for increased income. Offers are to be written contingent on interior inspections.
Location
State OR
County Multnomah
Area _144
Zoning DRL-2
Rooms
Basement Full Basement, Unfinished
Interior
Heating Baseboard
Exterior
Roof Type Composition
Garage No
Building
Lot Description Level
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools East Gresham
Middle Schools Dexter Mccarty
High Schools Gresham
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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