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Listed by Urban Nest Realty
$ 780,000
Est. payment /mo
Active
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 $228
Subdivision Richmond
MLS Listing ID 331659176
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 Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
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