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Listing 14 out of 87
$440,000 Pending

506 NE 114th Ave
Portland, OR 97220

2 units | Multi Family Home - MLS# 17191777
Property Photo
1/21

Description

Turnkey investment w/GRM of 13 = cash flow! Beautifully built Midcentury with a fully permitted brand new 1050sf 2br ADU down, stylish 2br w/ new kitchen up. Rent was discounted for construction, and does not include garage. Market rent with garage should be 1600. Separate fenced yards. 6" gutters & downspouts: all construction was done to minimize long term maintenance, Seller was planning to keep this one!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Pending
  • County/Area: Multnomah County
  • Zip Code: 97220
  • Year Built: 1951
  • Elementary School: Ventura Park
  • Middle School: Floyd Light
  • High School: David Douglas
  • Sq.Ft.: 2,360 sq ft
  • Units: 2 units
  • Basement: Finished, Full Basement
  • Garage: 2-Car
  • Lot Size: 7, 000 To 9, 999 Sqft
  • Zoning: R3a
  • Area: Portland Northeast
  • Cooling: Heat Pump
  • Exterior: Brick
  • Fuel: Electricity
  • Gross Income Actual: 33600
  • Gross Income Projected: 33600
  • Gross Rent Multiplier: 13.10
  • Heating: Ductless
  • Hot Water: Electricity
  • Limited Representation: Full Service
  • Parking: Garage, Open
  • Roof Type: Composition
  • Selling Agent: STEWARTF
  • Selling Office: Stewart Group Realty
  • Sewer: Public
  • Tax Amount: 2403.97
  • Terms: Conventional, Fha, Va Loan
  • Unit Features: Fireplace, Hardwood Floors, Washer/Dryer Hookup, Air Conditioning
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Fireplace, Hardwood Floors, Washer/Dryer Hookup, Air Conditioning
  • Unit Type 1 Sq Ft: 1310
  • Unit Type 1 Units Total: 1
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Fireplace, Washer/Dryer Hookup
  • Unit Type 2 Sq Ft: 1050
  • Unit Type 2 Units Total: 1
  • Utilities Included: Sewer, Water
  • Water: Public
  • Year Built Info: Remodeled
Courtesy of More Realty

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Jim Lutz

Jim Lutz, CCIM
Oregon Principal Broker
Premiere Property Group, LLC
Beaverton, OR 97006

503-750-6388
Contact Me

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Jim Lutz | 
503-750-6388 | Contact Me

1500 NW Bethany Blvd #190 - Beaverton, OR 97006
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