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    1626 Cedar St

    Forest Grove, OR 97116
    • $1,400,000
    • STATUS: Active
    • ON SITE: 48 days
    • MLS #: 21684619
    UPDATED: 31 min ago
    $1,400,000
    • 11
      BEDS
    • N/A
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 5,352
      SQFT
    • $262
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Hidden oasis in Old Town presents amazing investment opportunity! Package includes 2 separate tax lots equaling over half an acre with a 3bed 2bath house and 2 sets of duplexes, each with 2bed/1ba with separate office! Units fully rented but on month-month leases making increasing rents or utilizing as an owner occupied easier. Property includes 2 car garage with workbench, ample parking, carport, shed, tranquil and private yard with landscaped commons area.

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    Listing content is copyright © 2021 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-09-24T13:40:05.75.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
    www.nexthomepdx.com/homes/120153642
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    1626 Cedar St Forest Grove, OR 97116

    • Price: $1,400,000
    • Status: Active
    • Updated: 31 min ago
    • MLS #: 21684619
    11
    Beds
    6
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,352
    SQFT
    $262
    $/SQFT
    1960
    Built
    Neighborhood:
    Old Town
    County:
    Washington
    Area:
    152-Hillsboro/Forest Grove
    Elementary School:
    Harvey Clark
    Middle School:
    Tom Mccall
    High School:
    Forest Grove
    Property Description
    Hidden oasis in Old Town presents amazing investment opportunity! Package includes 2 separate tax lots equaling over half an acre with a 3bed 2bath house and 2 sets of duplexes, each with 2bed/1ba with separate office! Units fully rented but on month-month leases making increasing rents or utilizing as an owner occupied easier. Property includes 2 car garage with workbench, ample parking, carport, shed, tranquil and private yard with landscaped commons area.
    Exterior Features

    Exterior Description Wood Siding Lot Description CommonsLevelSecludedFlag Lot Lot Size 20000 Sqft To .99 Acres Parking Features CarportGarage Roof Type Composition View YN No Water Description Public

    Interior Features

    Basement Crawl Space Cooling Description None Foundation Details SlabConcrete Perimeter Heating Description Baseboard Hot Water Description ElectricityGas Unit Features DishwasherFireplaceRangeRefrigeratorStorageWasher/Dryer Hookup Unit Type1 Features DishwasherFireplaceRangeRefrigerator Unit Type1 Sq Ft 1800 Unit Type2 Features RangeRefrigeratorStorageWasher/Dryer Hookup Unit Type2 Sq Ft 888 Unit Type3 Features RefrigeratorStorageWasher/Dryer Hookup Unit Type3 Sq Ft 888 Unit Type4 Features RangeRefrigeratorStorageWasher/Dryer Hookup Unit Type4 Sq Ft 888 Unit Type5 Features RangeRefrigeratorWasher/Dryer Hookup Unit Type5 Sq Ft 888

    Property Features

    Bank Owned YN No Capitalization Rate 5.35 Common Amenities Commons Country Us Fuel Description Electricity Gross Income Actual 41954 Gross Income Projected 56354 Gross Rent Multiplier 33.37 Net Income Actual 74880 Net Income Projected 89200 Occupancy Types LeasedMonth To Month Operating Expenses Actual 66346 Operating Expenses Projected 81465 Property Condition Approximately Rent Includes Trash CollectionSewerWater Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage Garage(S)Locked Tax Amount 5030.72 Third Party Approval YN No Unit Type1 Rent 1650 Unit Type1 Units Total 1 Unit Type2 Rent 1350 Unit Type2 Units Total 1 Unit Type3 Rent 1195 Unit Type3 Units Total 1 Unit Type4 Rent 1000 Unit Type4 Units Total 1 Unit Type5 Rent 1050 Unit Type5 Units Total 1 Zoning Multi

    Listing provided courtesy of John L. Scott Market Center.


    Listing content is copyright © 2021 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-09-24T13:40:05.75.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
     
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