Forest Grove, OR 97116,2418 CEDAR CIR
Forest Grove, OR 97116,2418 CEDAR CIR
Forest Grove, OR 97116,2418 CEDAR CIR
Forest Grove, OR 97116,2418 CEDAR CIR
Forest Grove, OR 97116,2418 CEDAR CIR
Forest Grove, OR 97116,2418 CEDAR CIR
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Listed by Premiere Property Group, LLC
Bought with MORE Realty

$650,000

$650,000

Est.Price: ?

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Est. payment /mo

SOLD DATE : 05/13/2024

Key Details

Sold Price $650,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 24581375

Sold Date 05/13/24

Year Built 1968

Annual Tax Amount $5,608

Tax Year 2023

Property Description

Best Forest Grove duplex cap rate on the market, 6.06!!! Solid investment with this exceptional vintage-hip Mid Century duplex, presenting a rare investment opportunity. Zoned for a 4-plex, the existing garage areas offer the potential for two additional units, with one garage already converted into living space with its own bathroom. Very easy to make a Tri-plex and owner had an estimate for about $20,000 to make the 4th unit. HUGE UPSIDE, with seamless expansion without altering the foundation or roofline. A prime chance for investors to enhance cash flow, ideal for residing in one unit and leasing the other. Boasting parquet flooring and two fireplaces, this property is tailored for strategic investors seeking substantial returns. Excellent Forest Grove location, situated within a quiet confine of a cul-de-sac in a charming neighborhood and close to Pacific University.

Location

State OR

County Washington

Area _152

Zoning RMH

Rooms

Basement Crawl Space

Interior

Heating Baseboard

Cooling None

Exterior

Waterfront Yes

Waterfront Description Other

Garage No

Building

Lot Description Corner Lot, Cul_de_sac, Level

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Schools

Elementary Schools Joseph Gale

Middle Schools Neil Armstrong

High Schools Forest Grove

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

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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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