Blog Buyer 4 Plex Fixer in Transition (Part 1)

4 Plex Fixer in Transition (Part 1)

By Sharon Bloudek, December 24, 2019

This summer I helped a client purchase a fourplex in Beaverton, not too far from Nike, the Merlo/SW 158th MAX station, and Tualatin Hills Nature Park.  Given its location, the investor was excited about the potential as long as the numbers made sense.  Initially, we were in backup position on this property.  (Side note: If you can’t get first position, there are so many advantages to being in back-up position – I highly recommend taking the opportunity if you can get it)  We were able to negotiate $85,000 off the latest list price due to deferred maintenance and issues found during inspections.

Here are a few of the before pictures…..

Front exterior

 

Overgrown landscaping (each unit has a fenced backyard)

 

Trim and windows in poor condition

 

Disconnected downspout

 

Fence about to be blown over

 

I’ll update in the Spring with all of the new improvements.  This is a really exciting project and I can’t wait to see it when it’s completed

Sharon Bloudek

Broker

Sharon was recently recognized as the #1 Individual Agent in the #1 Real Estate office in the State of Oregon. Recognized as a FIVE STAR Real Estate Agent in Portland, Oregon for 9 years. Sharon has been named top 1% in the RMLS, and has been a member of PMAR's Masters Circle Diamond Platinum Level. Also a Neighborhood Favorite on Nextdoor and a Zillow Premiere Agent. Having lived both in the city & the suburbs, she is a great resource for relocation clients. She has worked extensively with first time home buyers & first time home sellers, upsizers, downsizers and investors. She has experience in multi-family units, plexes, and timberland. She is the third generation in her family to be in the real estate business. Sharon graduated from the University of Oregon with a MBA in Marketing & International Business, and from Loyola Marymount University with an emphasis in Business Management. She lives in SW Portland with her husband and three kids and enjoys volunteering in the community. She is a proud supporter of Jesuit Volunteer Corps Northwest, being a former Jesuit Volunteer in Woodburn, Oregon as well as a previous Board Member. She loves hiking, traveling and going to the beach. Basketball and softball were her favorite sports to play, and while she never played soccer - her husband and kids do - and now she appreciates the beautiful game. Sharon would love the opportunity to work with you!
Read More
  • T: 503-701-1000
  • sharon@bridgetoportland.com

You might also enjoy

Keeping Your End Game in Sight

Lisa Avena

Like so many first time buyers, Arianna and Matt wanted to find a home in a...

Moving Condos for Your Kid

Beth Bonita

Debbie and Kevin decided to sell their sweet condo in Industrial Southeast so that there son...

Coffee with Sugar and Shakespeare

Julie Davis

There are two things I love: a good cup of coffee and a book I can...

Just Sold: Gorgeous Gresham Remodel

Kim Parmon

Eugene is one of my favorite clients.  Whenever he renovates a house I know that it’s...