4318 SE Milwaukie Ave Portland, OR 97202
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 basement). 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!
- Property TypeMulti-Family
- NeighborhoodBrooklyn
- CountyMultnomah
- Taxes$12,050
- HOA/Condo/Coop Fees$0
- Days on Site51 Days
- MLS StatusActive
- MLS ID Number24024292
- Home Size Source N/A
- Year Built1907
- Lot Size0.19 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Lot Description Corner LotOn Busline
- Construction CedarShingle Siding
- Sewer Public Sewer
- Water Public
- Parking Spaces 3
- Parking Features Assigned
- Attached Garage No
Interior Features
- Heating Zoned
- Cooling Mini Split
- Basement Exterior EntryFull BasementStorage Space
- Foundation Concrete Perimeter
- Stories 4
Exterior Features
- Parking Assigned
- Roof Type Composition
Community Features
- HOA Includes SewerTrash CollectionWater