MLS# 24572595 – 22 Se 94th Ave, Portland, OR 97216 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Cochran Property Group Inc..

Property Description

Description

2 Units

Status: Active

Year Built: 1992

Days on Website: 50

Investment Opportunity: Two Homes on One Lot! Discover a rare investment gem featuring two distinct homes on a single lot, perfect for maximizing your rental income! Both home’s inviting layouts make them attractive options for long term tenants or owner occupied homes. #22 is a 4-bedroom, 1 bath residence providing ample space for all. #26 is a cozy 3-bedroom, 1.5-bath residence with mini splits, updated kitchen and baths and new carpet. Both homes offer well-designed living spaces. Both homes feature separate entrances and private outdoor areas, ensuring occupant privacy and convenience. Located in a SE PDX, this property is close to local amenities, schools, and public transportation. Whether you're an experienced investor or new to real estate, this property presents a fantastic opportunity to diversify your portfolio or the option to live in one home and rent the other. Do not access property without an agent!

Property Details and Features

Property

Property View

Zoning:

R25

Number Of Units Total:

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Built in 1992

Storage:

Deck,Locked

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense:

$9,454

Exterior Features

Exterior Description:

Cedar,CementSiding

Foundation

Foundation Details:

PillarPostPier,Slab

Heating

Heating Available

Heating:

MiniSplit,WallFurnace

Income

CAP Rate:

7.42

Gross Income:

$48,000

Gross Rent Multiplier:

12.4

Net Operating Income:

$44,160

Listing

Contract Status Change Date:

2024-10-04

Days On Market:

Last Transaction Date:

2024-11-05 16:47:45

List Price:

$595,000

Listing Contract Date:

2024-10-04

Listing Id:

24572595

Mls Status:

Active

Modification Timestamp:

2024-11-05 16:47:45

On Market Date:

2024-10-04

Rent Includes:

TrashCollection

Standard Status:

Active

Location

MLS Area Major:

_143

County Or Parish:

Multnomah

Lot

Features:

Level

Size Acres:

0.16

Size Range:

SqFt7000to9999

Size Square Feet:

6,969

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Driveway,Open

3 total parking spots

Roof

Roof:

Composition

Schools

High School:

David Douglas

Middle Or Junior School:

Floyd Light

Elementary School:

Cherry Park

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$5,026

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,800

Area:

1152

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

4 total bedroom

Unit Two

Area:

1062

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

3 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

[+] Read More

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$595,000 -

22 Se 94th Ave Portland , OR 97216

MLS Area Major: _143

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.