OR > Portland > Richmond
Portland, OR 97206,5105 5109 SE TIBBETTS ST
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Portland, OR 97206,5105 5109 SE TIBBETTS ST
Portland, OR 97206,5105 5109 SE TIBBETTS ST
Portland, OR 97206,5105 5109 SE TIBBETTS ST
Portland, OR 97206,5105 5109 SE TIBBETTS ST
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Jared Hambrook

Jared Hambrook

+1(503) 930-2124
Listed by Urban Nest Realty
$ 760,000
Est. payment /mo
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Price Dropped by $20K

5105 5109 SE TIBBETTS ST Portland, OR 97206

3,420 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,420 sqft

Price per Sqft $222

Subdivision Richmond

MLS Listing ID 331659176

HOA Y/N No

Year Built 1956

Annual Tax Amount $6,700

Tax Year 2024

Property Description

Assumable FHA loan at 3.25% interest, buyer must apply to qualify. Here is a great opportunity to own an income generating duplex, in a great location, bringing in nearly $5,000 per month and $60,000 gross revenue annually. Cap. rate at 5.6% with low operating expenses and taxes, blocks from SE Division on a quiet street with 2 driveways, on an oversized corner lot. Updates include newer floors, appliances and bathroom/kitchen finishes. Solid rental history with tenants in place who are all willing to stay. Don't miss out on this tremendous opportunity to diversify your rental portfolio and/or take on your first investment property and live in the non-conforming 3rd unit. DND Tenants.

Location

State OR

County Multnomah

Community Centralair, Laundry

Area _143

Zoning R2.5

Rooms

Basement Full Basement, Partially Finished

Interior

Heating Forced Air

Cooling Central Air

Exterior

Community Features CentralAir, Laundry

View Seasonal

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Schools

Elementary Schools Creston

Middle Schools Kellogg

High Schools Franklin

Others

Acceptable Financing Assumable, Cash, Conventional, FHA, VALoan

Listing Terms Assumable, Cash, Conventional, FHA, VALoan

Regional Multiple Listing Service (RMLS)
Jared Hambrook

Jared Hambrook

Principal Broker | License ID: 201211534

+1(503) 930-2124

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5105 5109 SE TIBBETTS ST

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