6920 NE 27TH AVE, Portland, OR 97211
- $955,000
- 4
- BD
- 2
- BA
- 2,195
- SqFt
- List Price
- $955,000
- Days on Market
- 14
- Status
- ACTIVE
- MLS#
- 24698662
- Rent
- 5000
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 2,195
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Portland Northeast
Property Description
This stunning Mid-Century Modern home is situated on a prime corner lot, zoned for additional ADU structures, offering a unique layout and incredible potential for expansion. The property includes two usable basements, perfect for building two additional units. The yard has been professionally leveled and is ready for construction. Key Features: • Complete Renovation: The entire home has been remodeled with brand new electrical, plumbing, ceilings, floors, fixtures, and windows, ensuring a modern and worry-free living experience. • Main Floor: Boasts high vaulted ceilings with exposed beams, large windows, and an open-concept layout featuring hardwood floors, custom built-ins, and a beautifully remodeled kitchen designed for versatility and style. • Finished Basement: Serves as a luxurious master suite with a separate entrance and laundry, making it ideal as a private ADU or guest living quarters. Rental Income: • Upper Unit: Currently rented for $2,800 per month • Lower Unit: Rented for $2,200 per month With a 5.1% cap rate and a net profit of $48,000, this property represents an excellent investment opportunity. The upper backyard is a retreat in itself, complete with wood decking and two gazebos—perfect for outdoor entertaining. Furniture is negotiable per the seller. This is a must-see property with significant potential for additional income and expansion. Please refer to the private remarks for more detailed information.
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Additional Information
- Tax Amount
- $4,243
- Year Built
- 1954
- High School
- Jefferson
- Elementary School
- Faubion
- Middle School
- Faubion
- Fireplaces Total
- 1
- Acres
- 0.14
- Living Area
- 2,195
- Stories
- 2
- Property Type
- Single Family Residence
- Terms
- Cash, Conventional, VA Loan
- Master Bedroom Level
- Lower
- Cooling Description
- Central Air
- Fireplace Description
- Wood Burning
- Fuel Description
- Electricity, Gas
- Heating Description
- Forced Air - 95+%, Wood Stove
- Hot Water Description
- Electricity
- Exterior Description
- Wood Siding
- Roof Type
- Flat, Membrane
- Sewer Description
- Public Sewer
- Style
- 2 Story, Mid-Century Modern
- Parking
- Off Street, RV Access/Parking
- Security Or Entry
- None
- Parking Description
- Off Street, RV Access/Parking
- Road Surface
- Paved
- Exterior Features
- Fenced, Gazebo, Patio, Porch, RV Parking, Yard
- Interior Features
- Hardwood Floors, Laminate Flooring, Laundry, Vinyl Floor, Washer/Dryer
- Kitchen Appliances
- Dishwasher, Disposal, Free-Standing Refrigerator, Gas Appliances, Island, Microwave, Pantry
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Listing courtesy of Vantage Point Brokers, LLC.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2024 RMLS of Portland, Oregon. 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.