5405 SE 120TH AVE, Portland, OR 97266

$660,000
4
BD
2
BA
1,560
SqFt
Sold Price
$660,000
List Price
$675,000
Closing Date
Apr 04, 2024
Days on Market
140
Status
SOLD
MLS#
23663808
Rent
4200
Bedrooms
4
Bathrooms
2
Living Area
1,560
Lot Size
7, 000 to 9, 999 SqFt
Region
Portland Southeast

Property Description

Seize this exceptional investment opportunity quickly! Presenting a one-level duplex designed to provide the privacy and ambiance of two distinct homes. Each unit is meticulously maintained, featuring its own garage and secluded yard. Relish the expansive, fully-fenced front and back yards, perfect for relaxation and play. Conveniently located within walking distance to a park. Both units are on a month-to-month lease, collectively generating $4,200 in monthly rental income. This is a well-established rental property in superb condition, ideal for those seeking a rewarding investment. both garage roof and duplex roofs were fully replaced a couple years ago(full tear off) Notably, one unit boasts a large front pool, adding a unique appeal. Additionally, there's ample space for parking boats or RVs. A must-see for any discerning investor! Excellent cap rate at 6~ the address is 5405-5407 SE 120th Ave [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10200947]

Additional Information

Tax Amount
$4,953
Year Built
1965
High School
David Douglas
Elementary School
Gilbert Park
Middle School
Other
Garage Spaces
2
Garage Type
Detached
Acres
0.18
Living Area
1,560
Stories
1
Property Type
Single Family Residence
Terms
Cash, Conventional, FHA
Accessibility Features
Garage on Main, One Level
Master Bedroom Level
Main
Fuel Description
Electricity
Heating Description
Ceiling
Exterior Description
Vinyl Siding
Roof Type
Composition
Sewer Description
Public Sewer
Style
1 Story, Ranch
Parking
Driveway, Off Street
Parking Description
Driveway, Off Street
Exterior Features
Fenced, Patio, Second Garage, Second Residence, Yard
Interior Features
Laundry, Separate Living Quarters/Apartment/Aux Living Unit
Kitchen Appliances
Built-in Range

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of RE/MAX Equity Group. Selling Office: Opt.

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