Portland, OR 97266,5405 SE 120TH AVE
Portland, OR 97266,5405 SE 120TH AVE
Portland, OR 97266,5405 SE 120TH AVE
Portland, OR 97266,5405 SE 120TH AVE
Portland, OR 97266,5405 SE 120TH AVE
Portland, OR 97266,5405 SE 120TH AVE
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Listed by RE/MAX Equity Group
Bought with Opt

$660,000

$675,000

2.2%
Est.Price: ?

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Est. payment /mo

4 Beds

2 Baths

1,560 SqFt


SOLD DATE : 04/04/2024

Key Details

Sold Price $660,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 1,560 sqft

Price per Sqft $423

MLS Listing ID 23663808

Sold Date 04/04/24

Style Stories1, Ranch

Bedrooms 4

Full Baths 2

Year Built 1965

Annual Tax Amount $4,953

Tax Year 2023

Lot Size 7,840 Sqft

Property Description

Seize this exceptional investment opportunity quickly! Presenting a one-level duplex designed to provide the privacy and ambiance of two distinct homes. Each unit is meticulously maintained, featuring its own garage and secluded yard. Relish the expansive, fully-fenced front and back yards, perfect for relaxation and play. Conveniently located within walking distance to a park. Both units are on a month-to-month lease, collectively generating $4,200 in monthly rental income. This is a well-established rental property in superb condition, ideal for those seeking a rewarding investment. both garage roof and duplex roofs were fully replaced a couple years ago(full tear off) Notably, one unit boasts a large front pool, adding a unique appeal. Additionally, there's ample space for parking boats or RVs. A must-see for any discerning investor! Excellent cap rate at 6~ the address is 5405-5407 SE 120th Ave [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10200947]

Location

State OR

County Multnomah

Area _143

Rooms

Basement Crawl Space

Interior

Interior Features Laundry, Separate Living Quarters Apartment Aux Living Unit

Heating Ceiling

Appliance Builtin Range

Exterior

Exterior Feature Fenced, Patio, Second Garage, Second Residence, Yard

Garage Detached

Garage Spaces 2.0

Roof Type Composition

Garage Yes

Building

Lot Description Level

Story 1

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Gilbert Park

Middle Schools Other

High Schools David Douglas

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

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Regional Multiple Listing Service (RMLS)

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Ted Tanner

Principal Broker | Lic# 201210644

+1(503) 828-7839

1915 NE Stucki Ave. Suite 250, Hillsboro, OR, 97006

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