MLS# 24648254 – 18427 Se Yamhill St, Gresham, OR 97233 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of eXp Realty, LLC.

Property Description

Description

2 Units

Status: Active

Year Built: 1948

Neighborhood: Rockwood

Days on Website: 227

Nestled in the heart of Rockwood, this inviting duplex presents a blend of comfort, potential, and opportunity. With one unit currently tenanted at below-market value, there is ample room for growth in rental income, offering a promising avenue for investment returns. The other unit is newly leased at market value. Each unit showcases a thoughtful layout that maximizes living space, promoting a warm, welcoming atmosphere. Long term, reliable tenants ensure a smooth transition for new owners, with features including a private fenced backyard for leisure and relaxation, off-street parking for convenience, and in-unit washer and dryer hookups enhancing the functionality of each residence. Embrace the charm and investment potential of Rockwood with this duplex, where opportunity meets a vibrant community lifestyle. ***This property is eligible for a free 1% interest rate buydown when using our preferred lender. Please inquire.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

1680

Built in 1948

Storage:

Deck,IndividualStorageUnits

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling:

None

Expenses

Operating Expense:

$5,240

Exterior Features

Exterior Description:

LapSiding,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

WallFurnace

Income

CAP Rate:

7.11

Gross Income:

$34,740

Gross Rent Multiplier:

11.95

Net Operating Income:

$29,500

Listing

Contract Status Change Date:

2024-04-10

Days On Market:

227

Last Transaction Date:

2024-10-01 16:52:33

List Price:

$415,000

Listing Contract Date:

2024-04-10

Listing Id:

24648254

Mls Status:

Active

Modification Timestamp:

2024-11-23 01:40:46

On Market Date:

2024-04-10

Previous List Price:

$425,000

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_144

Subdivision Name:

Rockwood

County Or Parish:

Multnomah

Lot

Features:

CornerLot,Level,Trees

Size Range:

SqFt7000to9999

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

OffStreet

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

RTC

Roof

Roof:

Composition

Schools

High School:

Reynolds

Middle Or Junior School:

Reynolds

Elementary School:

Alder

Security Features

Features:

Unknown

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$3,267

Legal Description

Tax Year:

2022

Unit One

Actual Rent:

$1,345

Area:

840

Features:

Range,Refrigerator,WasherDryerHookup,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,699

Area:

840

Features:

Range,Refrigerator,WasherDryerHookup,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Gas

Water Source:

PublicWater

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$415,000 - Br/0Ba - for Sale in Rockwood, Gresham

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$415,000 -

18427 Se Yamhill St Gresham , OR 97233

MLS Area Major: _144

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.