$2,999,900 Price Analysis    ♡   Milwaukie, OR 97267 30 bed 18 bath 16,014 SqFt ($187/SqFt) 0.54 acre lot. Built 1972 Listed 2024-03-22, Taxes $13,025 | Ⓧ USDA Ineligible due to price & location near Milwaukie |
Jennings Lodge in Milwaukie is an 18 unit property built in 1972 and features 12- 2Bed/1Bath apartments and 6- 1Bed/1Bath apartments.
Brand new exterior paint 2023, new roof 2017, seal coat and stripe parking lot 2023 and 10 of 18 units have had interior updates over the last 3 years. Conveniently located a half block to public transportation and easy freeway access to Hwy 205. Fully occupied, this courtyard style plex with it's central pergola, raised beds and benches, is close to local services, grocery, dining as well as parks and the river.
Jennings Ldge is fully occupied with rental rates below the current market and is priced at $167K per door. It has 18 parking spots and two handicap spaces. Each unit has it's own storage and there is on site laundry. Current rents $20, 275 per month.
Presented by Doug Landers at
John L. Scott Portland Northeast.
Property MLS #24095894 from RMLS
Heating: Yes
Water Heaters: Electricity
Lot Size Acres: 0.54
Lot Size Square Feet: 23522
High School: Oregon City
Middle School: Gardiner
Map directions Map directions Map directions Map directionsRent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Source Listing Status: Active
County: Clackamas
Cap Rate: 4.73
Directions: SE McLoughlin Blvd, East on SE Ina Ave
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: 00512895
Zoning: MR1
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2012 | $unknown + $unknown $836,975 | $13,025 |
| 2011 | $unknown + $unknown $812,597 | $12,679 |
| 2010 | $unknown + $unknown $788,929 | $12,437 |
| 2009 | $unknown + $unknown $765,950 | $12,158 |
| 2008 | $unknown + $unknown $743,641 | $11,443 |
| 2007 | $unknown + $unknown $721,982 | $11,195 |
$2,999,900
RMLS
Sold 2012-07-13
$1,175,000
Public Record
Sold 2007-10-05
$683,000
Public Record
Sold 2006-10-13
$659,100
Public Record
Listing removed 2004-06-10
$875,000
RMLS
Listed 2004-03-09
$875,000
RMLS
Sold 1999-09-24
$708,935
Public Record
Operating Expense: 66216
Building Area Total: 16014
Building Exterior Type: LapSiding, Stucco
Foundation Details: ConcretePerimeter
Property Age: 52
Property Condition: Approximately
Roof: Composition
Levels or Stories: 2
Water Source: PublicWater
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.