- ADDRESS:
- 430 METZLER ST Molalla, OR 97038
- Price:
- $975,000
- Units:
- 7
- Acres:
- 0.32
- Unit 1:
- 2 Bed 2.0 Bath $1,070/mo
- Unit 2:
- 2 Bed 2.0 Bath $1,425/mo
- Unit 3:
- 2 Bed 2.0 Bath
- Unit 4:
- 2 Bed 2.0 Bath $1,300/mo
- Unit 5:
- 2 Bed 2.0 Bath $1,405/mo
- Unit 6:
- 2 Bed 2.0 Bath $1,365/mo
- Unit 7:
- 3 Bed 2.0 Bath $1,495/mo
- MLS#:
- 340491813
- Lot Size:
- 10,000 to 14,999 SqFt
- Type:
- Multi
- Zone:
- R3
- Yr Built:
- 1977
- Taxe/yr:
- $9,133.88
- County:
- Clackamas
- Status:
- Active
- Levels:
- 2
- Heat:
- WallHeater
- Elem:
- Molalla
- Middle:
- Molalla River
- High:
- Molalla
- Area:
- Oregon City, Beavercreek, Canby, Molalla, Mulino
- Courtesy of:
- Constant Commercial Real Estate Inc
- Remarks:
- Well-maintained 7-unit apartment community blocks from downtown Molalla situated on a clean, manicured .32 acre lot. The current ownership has executed a methodical renovation program: four of six two-bedroom units and the three bedroom unit have been updated with new cabinetry, appliances, LVP flooring, updated light fixtures, and fresh paint throughout. Units are being converted to include in-unit laundry on each turnover, with 5/7 already complete. The two-story 2 bedroom floor plans are spacious with carpeted living areas, bedroom-level separation, and sliding glass doors opening to private concrete back patios on each unit. This is an excellent operational value-add play by implementing utility bill-backs (RUBS) and getting rents to market. A short path to filling the remaining vacancy proposes a rent roll of $9,685/mo.