OR > Oregon City
Oregon City, OR 97045,919 7TH ST
Oregon City, OR 97045,919 7TH ST
Oregon City, OR 97045,919 7TH ST
Oregon City, OR 97045,919 7TH ST
Oregon City, OR 97045,919 7TH ST
Oregon City, OR 97045,919 7TH ST
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Spencer And Mariah Crawford

Spencer And Mariah Crawford

+1(503) 507-3666
Listed by Legend Real Estate Services
$ 1,349,900
Est. payment | /mo

13,383 SqFt

Save
$ 1,349,900
Est. payment | /mo
Save

13,383 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 13,383 sqft

Price per Sqft $100

MLS Listing ID 24243952

Year Built 1905

Annual Tax Amount $14,173

Tax Year 2024

Property Sub-Type Commercial

Property Description

Actual CAP RATE 9.36% with only 75 percent of the square footage occupied with projected cap rate of 9.86% CAP RATE beginning 9/2025. Own a piece of History built in 1905, a Historical Registered Building. This building brings in $14,403 monthly income on just 2 of the floors. The basement has approximately 3230 square feet of vacant space and the top floor is empty, approximately 796 sq ft, with more square footage to finish. 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. One tenant occupies two retail spaces; there are actually 3 retail spaces on the first floor. 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. First-floor Dive Shop lease has a 4% annual increase for retail space and 2nd floor and Herb Center have 3% annual increase.

Location

State OR

County Clackamas

Area _146

Zoning MUC

Interior

Heating Mini Split

Equipment Sprinkler

Exterior

Roof Type Composition

Garage No

Building

Story 3

Sewer Public Sewer

Water Public Water

Level or Stories 3

Others

Acceptable Financing CallListingAgent, Cash, Conventional, Other

Listing Terms CallListingAgent, Cash, Conventional, Other

Regional Multiple Listing Service (RMLS)
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 507-3666

spencer@vettruscrawfordrealty.com

2175 NW Raleigh St. Suite 110, Portland, OR, 97210, United States

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919 7TH ST