Bought with Living Room Realty
$870,000
$856,999
1.5%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 08/08/2023
Key Details
Sold Price $870,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Cathedral Park
MLS Listing ID 23514518
Sold Date 08/08/23
Year Built 1910
Annual Tax Amount $6,379
Tax Year 2022
Property Description
Attention investors and owner-occupied investors! This meticulously-maintained Craftsman 4-Plex is an exceptional income-generating opportunity offering stunning views of the river and Saint John's Bridge! Nicely situated on a tranquil street in the highly sought-after Cathedral Park neighborhood, you'll be just a few blocks from the lovely Cathedral Park, wonderful Willamette River, and the beautiful St. John's bridge! Currently occupied by excellent month-to-month tenants, two units are rented at market rates, while the remaining two units have significant potential for increased rental income. Recent remodeling work has been completed within the past year. The backyard is meticulously managed and adorned with specialty trees, plants, and a delightful shared garden.For those seeking an investment with scale-up potential, this expansive daylight basement is a standout feature. Boasting a spacious open floor plan, generously high ceilings, and a separate exterior entrance. The basement is currently used for tenant-allocated storage units and laundry, but it holds an abundance of untapped potential for added living space.Moreover, the second entry to Unit #2 presents an enticing opportunity to incorporate an extra bedroom with its own private entrance. Additionally, the unfinished attic provides further potential for expanding the existing upstairs living areas. Whether you're an investor or looking for an owner-occupied opportunity, seize your chance to make this amazing investment property your own. The owner may carry with a substantial down payment?contact the realtor for details!
Location
State OR
County Multnomah
Community Laundry
Area _141
Zoning R5
Rooms
Basement Daylight, Exterior Entry, Full Basement
Interior
Heating Mini Split
Cooling Heat Pump
Exterior
Community Features Laundry
View Y/N true
View City, River
Garage No
Building
Lot Description Commons, Level, Private
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
Others
Acceptable Financing Cash, Contract, Conventional, FHA, OwnerWillCarry, VALoan
Listing Terms Cash, Contract, Conventional, FHA, OwnerWillCarry, VALoan
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Principal Broker | Lic# 201210644
ted@beachdogrealestategroup.com
1915 NE Stucki Ave. Suite 250, Hillsboro, OR, 97006