- ADDRESS:
- 5105 SE TIBBETTS ST Portland, OR 97206
- Price:
- $715,000
- Units:
- 3
- Acres:
- 0.13
- Unit 1:
-
1 Bed
1.0 Bath
$1,659/mo
Features: Air Conditioning, Fireplace, Hardwood Floors, Refrigerator - Unit 2:
-
2 Bed
1.0 Bath
$2,080/mo
Features: Deck, Fireplace, Hardwood Floors, Refrigerator - Unit 3:
-
2 Bed
1.0 Bath
$1,350/mo
Features: Air Conditioning, Disposal, Range, Washer/Dryer - MLS#:
- 652700971
- Lot Size:
- 5,000 to 6,999 SqFt
- Type:
- Multi
- Zone:
- R2.5
- Yr Built:
- 1956
- Taxe/yr:
- $6,949.89
- County:
- Multnomah
- Status:
- Active
- Heat:
- Forced Air
- Nhood/Bldg:
- SOUTH TABOR
- View:
- Seasonal
- Elem:
- Creston
- Middle:
- Kellogg
- High:
- Franklin
- Lot Desc:
- Corner Lot, Level
- Area:
- Portland Southeast
- Courtesy of:
- Urban Nest Realty
- Remarks:
- Assumable FHA loan at 3.25% interest, buyer must apply to qualify. Live in one unit and rent the other 2 to pay your mortgage. Great opportunity in a fantastic location, bringing in just over $5,000 per month and $61,000 gross revenue annually. Cap. rate at 6.2% 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. DND Tenants.