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Listing courtesy of Vantage Point Brokers, LLC.
Description
This stunning Mid-Century Modern home is situated on a prime corner lot, zoned for additional ADU structures, offering a unique layout and incredible potential for expansion. The property includes two usable basements, perfect for building two additional units. The yard has been professionally leveled and is ready for construction. Key Features: • Complete Renovation: The entire home has been remodeled with brand new electrical, plumbing, ceilings, floors, fixtures, and windows, ensuring a modern and worry-free living experience. • Main Floor: Boasts high vaulted ceilings with exposed beams, large windows, and an open-concept layout featuring hardwood floors, custom built-ins, and a beautifully remodeled kitchen designed for versatility and style. • Finished Basement: Serves as a luxurious master suite with a separate entrance and laundry, making it ideal as a private ADU or guest living quarters. Rental Income: • Upper Unit: Currently rented for $2,800 per month • Lower Unit: Rented for $2,200 per month With a 5.1% cap rate and a net profit of $48,000, this property represents an excellent investment opportunity. The upper backyard is a retreat in itself, complete with wood decking and two gazebos—perfect for outdoor entertaining. Furniture is negotiable per the seller. This is a must-see property with significant potential for additional income and expansion. Please refer to the private remarks for more detailed information.
Property Details and Features
Property Access
- Road Surface Type: Paved
Appliances & Equipment
- Appliances: Dishwasher,Disposal,FreeStandingRefrigerator,GasAppliances,Island,Microwave,Pantry
Basement
- Basement: Finished
Bathrooms
- 3 total baths
- 2 full bathrooms
- 1 partial bath
- 1 total lower level bath
- 1 lower level full bath
- 1 total main level baths
- 1 main level full bath
- 1 main level partial bath
Bedrooms
- 4 total bedrooms
Building
- Architectural Style: Stories2,MidCenturyModern
- Building Area Calculated: 1061
- Building Area Description: Seller
- Building Area Total: 2195
- Built in 1954
- Lower Level Area Total: 1134
- Main Level Area Total: 1061
- RV Description: RVParking
- Stories: 2
Cooling
- Cooling Equipped
- Cooling: CentralAir
Disclosures
- Disclosures: Disclosure
Exterior Features
- Exterior Description: WoodSiding
- Exterior Features: Fenced,Gazebo,Patio,Porch,RVParking,Yard
Fireplaces
- Fireplace Features: WoodBurning
- Fireplace Included
- Fireplaces Total: 1
Foundation
- Foundation Details: ConcretePerimeter
Heating
- Heating Available
- Heating: ForcedAir95Plus,WoodStove
Interior Features
- Features: HardwoodFloors,LaminateFlooring,Laundry,VinylFloor,WasherDryer
Listing
- Contract Status Change Date: 2024-09-27
- Days On Market: 7
- Last Transaction Date: 2024-10-01 09:23:16
- List Price: $955,000
- Listing Contract Date: 2024-09-27
- Listing Id: 24698662
- Mls Status: Active
- Modification Timestamp: 2024-10-01 09:23:16
- On Market Date: 2024-09-27
- Rent Amount: $5,000
- Standard Status: Active
Location
- MLS Area Major: _142
- County Or Parish: Multnomah
Lot
- Features: CornerLot,Level
- Size Acres: 0.14
- Size Range: SqFt5000to6999
- Size Square Feet: 6,098
- Size: 5,000 to 6,999 SqFt
Parking
- Features: OffStreet,RVAccessParking
Possession
- Possession: CloseOfEscrow
Property
- Property Condition: UpdatedRemodeled
- Property Sub Type: SingleFamilyResidence
- Zoning: RSA
Roof
- Roof: Flat,Membrane
Schools
- High School: Jefferson
- Middle Or Junior School: Faubion
- Elementary School: Faubion
Security Features
- Features: None
Sewer
- Sewer: PublicSewer
Taxes
- Annual Amount: $4,243
- Legal Description
- Tax Year: 2023
Utilities
- Fuel Description: Electricity,Gas
- Hot Water Description: Electricity
- Water Source: PublicWater
Windows
- Features: DoublePaneWindows,VinylFrames
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This content last updated on October 5, 2024 15:53. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.