Victor Kee, Portland Real Estate Agent

Astoria Battle Creek Lane
SELLER TO CONTRIBUTE UP TO $10,000 TOWARDS BUYER'S CLOSING COST AND PREPAID FEES. Situated on about 2.5 acres off Youngs River Road in a beautifully forested and private setting with distant views of the valley, river. This nearly 2700 square foot home with finished daylight basement was originally constructed in 1977 and has been well maintained and updated over time. Features include covered deck off dining room on the main level, concrete patio off the family room on the lower level, as well as Trex deck at the front. There are also steps down from the back yard to a fire pit area, The garage has pull-down stairs to storage above. Both the living and family rooms have fireplaces and there are 4 bedrooms and 2 bathrooms total, plus office, utility and storage areas below.
 Contract Information
Status Active 
 General Property Description
Realtor.COM Type Residential - Single Family     
Directions From Astoria, take Youngs River Road for approximately 4.5 miles to the SECOND sign for Battle Creek Lane (look for the colored ribbon on the post) and turn right. Take the first left into driveway, red ribbon on the sign pole.
Frontage None  View Youngs River 
View 2 Woods  Style Ranch 
Stories 2 Basement Daylight 
SqFt Per County Assessor  Year Built 1977
Year Built Remarks Updated Lot Acres 2.48
Total Full Baths 2
 Location, Tax and Legal Information
County Clatsop  Zoning RA1 
Taxes 4,366.94 Tax Year 2020
Legal Metes and Bounds
Account ID 55594 Historic Designation No 
Listing Type: Listing Type: Exclusive Right to Sell
Tax Record: Tax Map: 70909D; Tax Lot: 01400
Miscellaneous: Levels: 2; Basement: Daylight; Possession: At close
Foundation: Continuous Concrete
Roof: Composition
Siding: Cedar; Shake Siding
External Features: Exterior Color: Natural; OutBuildings: None; Deck/Patio: Deck and Patio; Street Surface: Paved
Internal Features: Water Heater: Electric; Dishwasher; Range/Oven; Microwave; Refrigerator
Utilities: Heating/Cooling: Electric Forced Air; Water: Community; Electric: On Property; Gas: None; Sewer: Septic; Alternate Heat: 2 Fireplaces
Accessibility: Level Entry; Bed/Bath on Main: Yes
Financial Info: Bank Owned: No
23074914 MLS
POTENTIAL LOAN ASSUMPTION of 3.25% fixed until December 2028, for qualified buyers. The Weidler 111 Apartments represents a rare opportunity to invest in a high-quality stabilized apartment community in one of the strongest submarkets within the Portland Metro, The Gateway District of Northeast Portland. The asset is comprised of 32 spacious units, with a mix of large 2BR and 3BR floor plans. The vacancy average has been historically low, and the unit mix has proven to meet the demands of today?s renters, and will continue to be a unique housing option in the market, given the limitations and financial challenges of developing large floor plans in today?s market and moving forward. The community has benefited from major interior & exterior improvements in recent years. Exterior renovations include re-branding & signage, new paint, new outdoor BBQ/Picnic area, new basketball court, renovated leasing office, new fencing, new decking (select units), and upgraded landscaping. The majority of the interior units have been renovated (approx. 90%) with flooring, paint, appliances, cabinets (new or refinished), resurfaced countertops (select units with quartz), new fixtures, lighting, ceiling fans, and various bathroom updates. A proven model of success has been established for a new investor to finish the remaining units, and also reap the benefits of less turnover work for future lease ups. The community has experienced strong rent growth in recent years, with impressive lease up rents in 2022/2023 as tenants seek more suburban amenity rich communities and large floorplans. The average in place rents still trail the highest level in the building by approximately 10%, allowing a new investor the opportunity to step in and execute a realistic and obtainable value add model by simply getting all of the existing units up to the highest achieved level in the building.

11145 NE WEIDLER ST, Portland

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