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    215 NE 29TH Ave

    Portland, OR 97232
    • $575,000
    • STATUS: Active
    • ON SITE: 30 days
    • MLS #: 21096031
    UPDATED: 9 min ago
    $575,000
    • 2
      BEDS
    • N/A
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 3,067
      SQFT
    • $187
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1909
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    First time on the market in 36 years! Incredible opportunity to own a cashflow positive duplex in a premium close-in Portland neighborhood. A little sweat equity would bring this marquis property back to it's full potential! Fully rented with solid tenants at market value ($1600 for each unit), but lots of potential for sweat equity and increased cashflow. Inspection, sewer and radon reports available. Long term tenants are current on rent. Tons of extra unused storage in basement and garage.

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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 2021-05-08T21:39:42.94.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/115857276
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    215 NE 29TH Ave Portland, OR 97232

    • Price: $575,000
    • Status: Active
    • Updated: 9 min ago
    • MLS #: 21096031
    2
    Beds
    1
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,067
    SQFT
    $187
    $/SQFT
    1909
    Built
    Neighborhood:
    Kerns/Laurelhurst
    County:
    Multnomah
    Area:
    142-Portland Northeast
    Elementary School:
    Buckman
    Middle School:
    Hosford
    High School:
    Cleveland
    Property Description
    First time on the market in 36 years! Incredible opportunity to own a cashflow positive duplex in a premium close-in Portland neighborhood. A little sweat equity would bring this marquis property back to it's full potential! Fully rented with solid tenants at market value ($1600 for each unit), but lots of potential for sweat equity and increased cashflow. Inspection, sewer and radon reports available. Long term tenants are current on rent. Tons of extra unused storage in basement and garage.
    Exterior Features

    Exterior Description Wood Siding Lot Description Level Lot Size 0K To 2999 Sqft Roof Type Composition View YN No Water Description Public

    Interior Features

    Basement Full Basement Foundation Details Concrete Perimeter Heating Description Other Unit Features RangeRefrigerator Unit Type1 Features RangeRefrigerator Unit Type1 Sq Ft 1000

    Property Features

    Bank Owned YN No Capitalization Rate 5.66 Country Us Fuel Description Other Gross Income Actual 38400 Gross Income Projected 38400 Gross Rent Multiplier 14.97 Net Income Actual 32560 Net Income Projected 32560 Occupancy Types LeasedMonth To Month Operating Expenses Actual 5840 Operating Expenses Projected 5840 Property Condition Fixer Rent Includes None Seller Disclosure Exempt Sewer Description Public Sewer Short Sale YN No Storage Garage(S)Basement Tax Amount 6937.05 Third Party Approval YN No Unit Type1 Rent 1600 Unit Type1 Units Total 2 Zoning R2.5

    Listing provided courtesy of The Group Real Estate Services.


    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 2021-05-08T21:39:42.94.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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