*Don't Walk the Property* Exceptional investment and development opportunity in the heart of Cedar Mill! This remodeled duplex features two spacious 3-bedroom, 1-bath units, offering strong rental appeal in a highly desirable location. A detached shop provides additional income, currently leased for $600/month. Situated on a generous, multi-family zoned lot,… Read More the property offers significant upside with the potential to add approximately five additional units while retaining the existing improvements, or redevelop the site for an estimated 9–12 unit project (buyer to complete all due diligence with Washington County). Minutes to Nike, Intel, downtown Portland, shopping, restaurants, parks, and public transit, this is a rare opportunity to own a cash-flowing asset with outstanding future development potential. Read Less
Listing courtesy of Kevin Morris Realty.
Listing Snapshot
Days Online
1
Last Updated
Square Ft.
2,485
Lot Size
0.34 Acres
Year Built
1951
MLS Number
741838046
30 Days Snapshot Of 97229
$915k
+1%
(avg) sold price
79
-22%
homes sold
48
+14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 2485, Built in 1951, Storage: Garage, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2
Disclosures
Disclosures: Disclosure
Expenses
Operating Expense: $58,560
Exterior Features
Exterior Description: Cedar, LapSiding
Heating
Heating: ForcedAir
Income
CAP Rate: 7.33, Gross Income: $58,560, Gross Rent Multiplier: 13.64, Net Operating Income: $58,560
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Confirm your time
Fill in your details and we will contact you to confirm a time.