MLS# 24379246 – 2412 Lincoln Ave, Vancouver, WA 98660 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Realty.

Property Description

Description

2 Units

Status: Pending

Year Built: 1965

Neighborhood: Hough

Days on Website: 93

Amazing, turnkey opportunity to own an updated duplex in desirable Hough neighborhood, West Vancouver and close to downtown. Excellent cash flow for an investor or live in one unit and rent the other. One unit has been completely updated. Second unit has been partially updated. Both units have split system air conditioning and heat, washer/dryer hookups and appliances included. Units are currently professionally managed. Drive by but please do not disturb tenants.

Property Details and Features

Basement

Basement:

CrawlSpace

Building

Building Area Total:

1700

Built in 1965

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

MiniSplit

Expenses

Operating Expense:

$4,743

Exterior Features

Exterior Description:

Panel,T111Siding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

Baseboard,MiniSplit

Income

CAP Rate:

5.56

Gross Income:

$32,280

Gross Rent Multiplier:

15.33

Net Operating Income:

$27,537

Listing

Contract Status Change Date:

2024-08-25

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-08-25 11:52:57

List Price:

$495,000

Listing Contract Date:

2024-08-21

Listing Id:

24379246

Mls Status:

Pending

Modification Timestamp:

2024-08-25 11:52:57

Off Market Date:

2024-08-25

On Market Date:

2024-08-21

Purchase Contract Date:

2024-08-25

Rent Includes:

Sewer,Water

Standard Status:

Pending

Location

MLS Area Major:

_11

Subdivision Name:

HOUGH

County Or Parish:

Clark

Lot

Features:

CornerLot,Level

Size Acres:

0.12

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,AnnualPropertyOperationData

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

R-9

Roof

Roof:

Composition

Schools

High School:

Hudsons Bay

Middle Or Junior School:

Discovery

Elementary School:

Hough

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$3,664

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,395

Area:

850

Features:

AirConditioning,Dishwasher,Range,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,295

Area:

850

Features:

AirConditioning,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity,Tank

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$495,000 -

2412 Lincoln Ave Vancouver , WA 98660

MLS Area Major: _11

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.