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2423 12TH Ave

Forest Grove, OR 97116
  • $525,000
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: 22018577
UPDATED: 15 min ago
$525,000
  • 4
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,765
    SQFT
  • $297
    $/SQFT
Type:
Multi-Family
Built:
1940
County:

School Information

Elementary School:
Middle School:
High School:

Description

Amazing investment opportunity in Forest Grove! Sitting on an oversized lot, this classic duplex has a strong rental history with both units currently rented below market value. Each unit includes two bedrooms and one bath, with its own laundry room, off-street parking, and spacious, fenced yard. Ideally situated close to downtown, HWY 47, and nearby wineries!

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Listing content is copyright © 2022 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 2022-07-05T21:39:44.583.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/128901710
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2423 12TH Ave Forest Grove, OR 97116

  • Price: $525,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 15 min ago
  • MLS #: 22018577
4
Beds
2
Baths
0
½ Baths
N/A
Acres
1,765
SQFT
$297
$/SQFT
1940
Built
Neighborhood:
152-Hillsboro/Forest Grove
County:
Washington
Area:
152-Hillsboro/Forest Grove
Elementary School:
Harvey Clark
Middle School:
Tom Mccall
High School:
Forest Grove
Property Description
Amazing investment opportunity in Forest Grove! Sitting on an oversized lot, this classic duplex has a strong rental history with both units currently rented below market value. Each unit includes two bedrooms and one bath, with its own laundry room, off-street parking, and spacious, fenced yard. Ideally situated close to downtown, HWY 47, and nearby wineries!
Exterior Features

Exterior Description Man MadeVinyl Siding Lot Description Level Lot Size 10000 To 14999 Sqft Parking Features Carport Roof Type Composition View Seasonal View YN Yes Water Description Public Water

Interior Features

Basement Crawl Space Heating Description Baseboard Hot Water Description Electricity Unit Features RangeRefrigeratorUnfurnishedWasher/Dryer Unit Type1 Features RangeRefrigeratorUnfurnishedWasher/Dryer Unit Type1 Sq Ft 883 Unit Type2 Features RangeRefrigeratorUnfurnishedWasher/Dryer Unit Type2 Sq Ft 883

Property Features

Bank Owned YN No Capitalization Rate 4.71 Country Us Fuel Description Electricity Gross Income Actual 25740 Gross Income Projected 37200 Gross Rent Multiplier 20.40 Net Income Actual 24710 Net Income Projected 35712 Occupancy Types Leased Operating Expenses Actual 9991 Operating Expenses Projected 10389 Property Condition Updated/Remodeled Rent Includes Water Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Tax Amount 3043.40 Third Party Approval YN No Unit Type1 Rent 1350 Unit Type1 Units Total 1 Unit Type2 Rent 795 Unit Type2 Units Total 1 Zoning R5

Listing provided courtesy of Works Real Estate.


Listing content is copyright © 2022 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 2022-07-05T21:39:44.583.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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