MLS# 24046068 – 520 E 4th St, Hood River, OR 97031 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Windermere CRG Hood River.

Property Description

Description

2 Units

Status: Active

Year Built: 1920

Days on Website: 231

Perched above downtown Hood River, this duplex offers a great, close-in location with filtered views of the Columbia River. Sitting above the Hood River on a great corner lot with R3 zoning, this property presents an enticing opportunity for those seeking both quiet and convenience.The original 1350 square foot cottage, featuring 3 bedrooms and 2 bathrooms and a cozy living room with gas fireplace. While it awaits your personal touch, this sweet cottage provides a comfortable living space to call home with newer hot water heater and stack washer/dryer.A newer addition 3 spacious bedrooms, an office, and 2 living spaces, there's plenty of room to accommodate your lifestyle needs. Though requiring cosmetic updating, this addition offers tremendous potential to create your dream living space. This property has a prime location and rental history. Whether you're looking to invest in rental income, live in one, rent the other or take advantage of this R3 zoning to build new, this property offers a promising opportunity to realize your vision. With its close proximity to Hood River's amenities and outdoor recreational opportunities, this duplex provides the perfect blend of convenience and natural beauty. Don't miss out on the chance to make this duplex your own! New roof 2024! Priced to sell

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

3550

Built in 1920

Storage:

Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling:

None

Expenses

Operating Expense:

$10,000

Exterior Features

Exterior Description:

CementSiding,LapSiding

Foundation

Foundation Details:

ConcretePerimeter,PillarPostPier

Garage

Garage Spaces:

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

5.43

Gross Income:

$48,000

Gross Rent Multiplier:

14.58

Net Operating Income:

$38,000

Listing

Contract Status Change Date:

2024-04-01

Days On Market:

233

Last Transaction Date:

2024-11-13 07:06:24

List Price:

$700,000

Listing Contract Date:

2024-04-01

Listing Id:

24046068

Mls Status:

Active

Modification Timestamp:

2024-11-13 07:06:24

On Market Date:

2024-04-01

Previous List Price:

$730,000

Rent Includes:

TrashCollection

Standard Status:

Active

Location

MLS Area Major:

_362

County Or Parish:

HoodRiver

Lot

Features:

CornerLot

Size Acres:

0.12

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Driveway,OnStreet

2 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Approximately

Property View

Zoning:

Roof

Roof:

Composition

Schools

High School:

Hood River Vall

Middle Or Junior School:

Hood River

Elementary School:

May Street

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,336

Legal Description

Tax Deferral

Tax Year:

2023

Unit One

Actual Rent:

$1,900

Area:

1350

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$2,100

Area:

2200

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

2 total bathrooms

3 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Gas

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$700,000 -

520 E 4th St Hood River , OR 97031

MLS Area Major: _362

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 21, 2024 12:08AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.