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. 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 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

Sharon Bloudek

You might also enjoy

Botanical Wall Sculpture Workshop

Sophia Rosenberg

JOIN US! Join the incredibly talented Lynsea with Coy & Co to craft a custom botanical...

Keys for Kealy! A Teacher Gets a Lesson in Real Estate

Gabrielle Enfield

Hi Readers! Happy Friday. Today’s installment of #myrealestatelife is about a pretty remarkable gal named Kealy....

Just Listed : Heart of Montavilla Bungalow – playful, historic and perfect

Shannon Baird

Heart of Montavilla  Offered at $485,000 35 SE 79th Ave, Portland, OR 97215 Open House: Saturday, January...

HOROSCOPES: As 2020 arrives, the stars advise you to go for it.

Living Room Realty

AQUARIUS JAN 20–FEB 18 People often look to you as a calm and steady force in...