Bought with Opt
$660,000
$675,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
5405 SE 120TH AVE Portland, OR 97266
Key Details
Sold Price $660,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 23154699
Sold Date 04/04/24
Year Built 1965
Annual Tax Amount $4,953
Tax Year 2023
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. 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! Cap rate is 6!! 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
Zoning RM1
Interior
Heating Ceiling
Exterior
Roof Type Composition
Parking Type Garage, R V Access Parking
Garage No
Building
Lot Description Level
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Gilbert Park
Middle Schools Other
High Schools David Douglas
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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