• DESCRIPTION

    Scruggs THs (52 units, built 1995) & Goodrick-Spencer Apts (23 units, built 2003) are separate tax lots being offered as 1 sale. Initially built by Multnomah for student housing, the property is now a market rate offering with NO student housing restrictions. The Owner purchased the property from MU which had a deed restriction regarding student housing, the deed restriction has since been removed. Both properties feature off-street parking, laundry rooms, vinyl windows & clean landscaping.

    KEY DETAILS
    • Price:
    • $14,500,000
    • Bedrooms:
    • 7
    • Square Footage:
    • 71,586
    • Acreage:
    • n/a
    • Year Built:
    • 2003
    • MLS #:
    • 20318883
    • Street Address:
    • 608 Ne 87th Ave
    • City:
    • Portland
    • State:
    • OR
    • Postal Code:
    • 97220
    • County:
    • Multnomah
    • Area:
    • Portland Northeast
    • Listing Status:
    • For Sale - Active

    Building

    • Building Condition:
    • Existing
    • Rent Includes:
    • Trash Collection, Sewer, Water
    • Stories:
    • 2
    • Total Building Square Footage:
    • 71586
    • Type Of Roof:
    • Composition
    • Unit 1 - Square Footage Available:
    • 450
    • Unit 1 - Square Footage Available:
    • 982
    • Unit 1 Monthly Rent:
    • 862
    • Unit 2 - Square Footage Available:
    • 874
    • Unit 2 Monthly Rent:
    • 1230
    • Unit 3 Monthly Rent:
    • 1214
    • Unit 4 - Square Footage Available:
    • 1052
    • Unit 4 Monthly Rent:
    • 1422
    • Unit1 Bathrooms:
    • 1
    • Unit2 Bathrooms:
    • 1
    • Unit2 Bedrooms:
    • 2
    • Unit3 Bathrooms:
    • 2
    • Unit3 Bedrooms:
    • 2
    • Unit4 Bathrooms:
    • 2
    • Unit4 Bedrooms:
    • 3
    • Year Built:
    • 2003

    Business

    • Adjusted Gross Income:
    • 1200410
    • Net Operating Income:
    • 726932

    Land

    • Conforms To Zoning:
    • Ir
    • Lot Size:
    • 3 To 4.99 Acres

    Listing

    • Community Features:
    • Laundry
    • Legal Description:
    • Section 33 1n 2e, Tl 9400 0.23 Acres
    • List Date:
    • 2020-01-22
    • Terms:
    • Conventional

    Money

    • Property Taxes:
    • $103,423
    • Tax Year:
    • 2018

    Systems

    • Heating Description:
    • Forced Air
    • Heating Fuel:
    • Electricity
    • Sewage Type:
    • Public Sewer

    Water

    • Water Amenities:
    • Public

    Source

    All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated 7/10/2020 7:42 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

    ORREG
    School data provided by
    GreatSchools
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    SCHOOL RATINGS
    4

    VESTAL ELEMENTARY SCHOOL
    Middle School
    Public

    4

    VESTAL ELEMENTARY SCHOOL
    Middle School
    Public

    6

    MADISON HIGH SCHOOL
    High School
    Public

    NOTES

    No notes have been added for this home.

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