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Listed by Constant Commercial Real Estate Inc • 503-222-0282
$2,600,000
Est. payment /mo
12.34 Acres Lot
Price Dropped by $150K
12721 SE 352ND AVE Boring, OR 97009
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 751945615
Year Built 1965
Annual Tax Amount $6,757
Lot Size 12.340 Acres
Property Description
Rare income-producing estate on 9.96 acres + adjoining 2.34 acre parcel with huge live-and-earn, multi-generational and investment potential. On the property are multiple income streams projected to exceed $20,500 per month from the 3,200 SF shop, 11 manufactured/mobile homes, 5 resident storage bays, barn and large 5,320 SF dual-living residence. This unique property offers massive upside in updating the vacant residence and improving the existing infrastructure. The manor residence features dual-living potential with the main level offering 3 spacious bedrooms, 2 full baths, large kitchen and dedicated office. Lower level has an additional 2 bedrooms, 1 bath, full kitchen and ample living/flex space. Projected rents are at $20,500 per month with a pro-forma CAP of 6.17%. Financials available upon request.
Location
State OR
County Clackamas
Area _144
Zoning EFU
Interior
Heating Baseboard
Exterior
Roof Type Composition
Garage No
Building
Lot Description Corner Lot, Gentle Sloping
Sewer Septic Tank
Water Well
Schools
Elementary Schools Kelso
Middle Schools Boring
High Schools Sandy
Others
Acceptable Financing Cash, Conventional, OwnerWillCarry
Listing Terms Cash, Conventional, OwnerWillCarry
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