MLS# 24214623 – 176 Se Lacreole Dr, Dallas, OR 97338 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Realty First.

Property Description

Description

3 Units

Status: Active

Year Built: 1957

Days on Website: 318

This duplex is an ideal 1031 exchange investment opportunity. Featuring newly installed cement board siding and fresh exterior paint, the property boasts durability and curb appeal. Each unit has its own private cedar fence, providing a sense of privacy and individual outdoor space. Both units are equipped with separate storage sheds, offering tenants additional room for belongings.A carport between the two units not only provides convenient covered parking but also adds a layer of separation and privacy between the tenants. Speaking of tenants, the property currently has excellent tenants in place, ensuring consistent rental income.The large backyard offers ample space for outdoor activities, gardening, or future enhancements, while the abundance of parking makes it convenient for residents and visitors alike. Inside, both units are equipped with ductless heat pumps, offering efficient heating and air conditioning year-round.This combination of desirable features—privacy, modern amenities, and excellent tenants—makes this duplex a solid choice for any real estate investor looking for a 1031 exchange opportunity.

Property Details and Features

Building

Building Area Total:

1800

Built in 1957

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

HeatPump

Expenses

Operating Expense:

$3,601

Exterior Features

Exterior Description:

ShakeSiding

Foundation

Foundation Details:

ConcretePerimeter

Water Features

Waterfront Features:

Other

Waterfront Property

Heating

Heating Available

Heating:

Ductless

Income

CAP Rate:

6.01

Gross Income:

$30,375

Gross Rent Multiplier:

14.81

Net Operating Income:

$27,050

Listing

Contract Status Change Date:

2024-01-10

Days On Market:

317

Last Transaction Date:

2024-11-05 18:42:06

List Price:

$450,000

Listing Contract Date:

2024-01-10

Listing Id:

24214623

Mls Status:

Active

Modification Timestamp:

2024-11-05 18:42:06

On Market Date:

2024-01-10

Previous List Price:

$475,000

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_167

County Or Parish:

Polk

Lot

Size Range:

SqFt7000to9999

Size:

7,000 to 9,999 SqFt

Parking

Features:

Carport

2 total parking spots

Possession

Possession:

Negotiable

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

RLD

Roof

Roof:

Composition

Schools

High School:

Dallas

Middle Or Junior School:

Lacreole

Elementary School:

Lyle

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,751

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,150

Area:

900

Features:

WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,100

Area:

900

Features:

WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$450,000 -

176 Se Lacreole Dr Dallas , OR 97338

MLS Area Major: _167

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 11:50PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.