310 CERVANTES

Lake Oswego, OR 97035
Square Ft.
4,838
$1,100,000
Positioned in the heart of Lake Oswego's sought-after Mountain Park community, this updated Cervantes fourplex presents a rare and compelling investment opportunity. Comprising four individual deeds with newly appealed property taxes, the property offers both immediate upside and long-term value. Three of the four units have been thoughtfully remodeled withRead MoreRead Less
Listing courtesy of Cascade Hasson Sotheby's International Realty.
Listing Snapshot
Days Online
1
Last Updated
Square Ft.
4,838
Year Built
1979
MLS Number
243532421
30 Days Snapshot Of 97035
$891k
+23%
(avg) sold price
32
+6%
homes sold
56
-46%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: CrawlSpace, Other
Building
Building Area Total: 4838, Built in 1979, Storage: Garage, IndividualStorageUnits, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
Cooling
Cooling: CentralAir
Disclosures
Disclosures: Exempt
Expenses
Operating Expense: $29,825
Exterior Features
Exterior Description: WoodSiding
Foundation
Foundation Details: ConcretePerimeter
Garage
Garage Spaces: 8
Heating
Heating: ForcedAir
Income
CAP Rate: 5.95, Gross Income: $95,220, Gross Rent Multiplier: 11.55, Gross Scheduled Income: $100,080, Net Operating Income: $65,395
Lot
Features: GentleSloping, Sloped, Trees, Size Range: SqFt10000to14999, Size: 10,000 to 14,999 SqFt
Miscellaneous
Investor Information: Leases, MaintenanceRecordsAvailable, ProfitLossStatement, UtilityRecordsAvailable
Parking
Features: Attached, Garage, 10 total parking spots
Property
Number Of Units Total: 4, Property Condition: UpdatedRemodeled, Zoning: R-0
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $15,582, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $2,190, Area: 1260, Features: Deck, Dishwasher, Refrigerator, WasherDryer, Units Total: 1, 2 total bathrooms, 3 total bedroom
Unit Two
Actual Rent: $1,779, Area: 1159, Features: Deck, Dishwasher, Refrigerator, WasherDryer, Units Total: 1, 2 total bathrooms, 2 total bedroom
Unit Three
Actual Rent: $2,400, Area: 1260, Features: Deck, Dishwasher, Refrigerator, WasherDryer, Units Total: 1, 2 total bathrooms, 3 total bedroom
Unit Four
Actual Rent: $1,971, Area: 1159, Features: Deck, Dishwasher, Refrigerator, WasherDryer, Units Total: 1, 2 total bathrooms, 2 total bedroom
Utilities
Fuel Description: Electricity, Gas, Hot Water Description: Electricity, Gas, Water Source: PublicWater
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Erika George and Kari McGee
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This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.