MLS# 24077734 – 6920 Ne 27th Ave, Portland, OR 97211 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Vantage Point Brokers, LLC.

Property Description

Description

2 Units

Status: Active

Year Built: 1954

Days on Website: 7

This stunning Mid-Century Modern home is situated on a prime corner lot, zoned for additional ADU structures, offering a unique layout and incredible potential for expansion. The yard has been professionally leveled and is ready for construction. Key Features: • Complete Renovation: The entire home has been remodeled with brand new electrical, plumbing, ceilings, floors, fixtures, and windows, ensuring a modern and worry-free living experience. • Upstairs: Boasts high vaulted ceilings with exposed beams, large windows, and an open-concept layout featuring hardwood floors, custom built-ins, and a beautifully remodeled kitchen designed for versatility and style. • Downstairs: Serves as a luxurious master suite with a separate entrance and laundry, making it ideal as a private ADU or guest living quarters.The upper backyard is a retreat in itself, complete with wood decking and two gazebos—perfect for outdoor entertaining. Furniture is negotiable per the seller. This is a must-see property with significant potential for additional income and expansion. Please refer to the private remarks for more detailed information.

Property Details and Features

Cooling

Cooling Equipped

Cooling:

CentralAir

Property Access

Road Surface Type:

Paved

Basement

Basement:

Finished

Building

Building Area Total:

2195

Built in 1954

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense:

$11,000

Exterior Features

Exterior Description:

WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

ForcedAir95Plus,WoodStove

Income

CAP Rate:

5.68

Gross Income:

$60,000

Gross Rent Multiplier:

14.08

Net Operating Income:

$48,000

Listing

Contract Status Change Date:

2024-09-27

Days On Market:

Last Transaction Date:

2024-11-13 07:57:10

List Price:

$845,000

Listing Contract Date:

2024-09-27

Listing Id:

24077734

Mls Status:

Active

Modification Timestamp:

2024-11-13 07:57:10

On Market Date:

2024-09-27

Previous List Price:

$899,000

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_142

County Or Parish:

Multnomah

Lot

Features:

CornerLot,Level

Size Acres:

0.14

Size Range:

SqFt5000to6999

Size Square Feet:

6,098

Size:

5,000 to 6,999 SqFt

Parking

Features:

OffStreet,RVAccessParking

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

RSA

Roof

Roof:

Flat,Membrane

Schools

High School:

Jefferson

Middle Or Junior School:

Faubion

Elementary School:

Faubion

Security Features

Features:

None

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$4,243

Legal Description

Unit One

Actual Rent:

$2,800

Area:

1061

Features:

AirConditioning,HardwoodFloors,Range,Refrigerator

Units Total:

2 total bathrooms

2 total bedroom

Unit Two

Actual Rent:

$2,200

Area:

1134

Features:

AirConditioning,HardwoodFloors,Range

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$845,000 -

6920 Ne 27th Ave Portland , OR 97211

MLS Area Major: _142

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.