7614 SE 65TH AVE, Portland, OR 97206

$439,900
1,381
SqFt

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List Price
$439,900
Days on Market
1
MLS#
394137778
Property Type
Multifamily
Sqft. of Residence
1,381
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland Southeast
Status
ACTIVE

Property Description

Updated DUPLEX with $3,750/monthly income - this one CASH FLOWS! Desirable single-level living in Brentwood with a 3-Bedroom/2-Bath unit, and a 2-Bedroom/1-Bath unit with an attached garage. Major Remodel in 2018/2019 with new electric meters, panels and circuits, pex plumbing, new sewer lines, new gas furnaces, water heaters, and updated finishes throughout. Remodel includes converted garages to bedroom/bathroom in Unit 7614. With $45,000 estimated annual income, this building is selling at a very enticing 9.8 GRM and a whopping 6.2% cap rate! Stable tenant base, quiet street and good neighborhood make this DUPLEX a great PDX investment w/LT upside!

Additional Information

Tax Amount
$3,677
Year Built
1942
High School
Cleveland
Elementary School
Whitman
Middle School
Brentwood
Garage Spaces
1
Acres
0.11
Living Area
1,381
Stories
1
Lot Size Dimension
50' x 100'
Terms
Cash, Conventional, VA Loan
Fuel Description
Gas
Heating Description
Forced Air
Hoa Rent Includes
Maintenance Grounds, Sewer, Trash Collection, Water
Hot Water Description
Gas, Tank
Exterior Description
Cement Siding, Lap Siding, Shake Siding, Wood Siding
Roof Type
Composition, Shingle
Sewer Description
Public Sewer
Parking
Driveway, Off Street
Parking Description
Driveway, Off Street
Road Surface
Paved
Number Of Units Total
2
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1800
Unit Type One Sq Ft
573
Unit Type One Units Total
1
Unit Type Two Baths Total
2
Unit Type Two Beds Total
3
Unit Type Two Units Total
1

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Calculator source: Real Geeks

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