Portland, OR 97266,5405 SE 120TH AVE
Portland, OR 97266,5405 SE 120TH AVE
Portland, OR 97266,5405 SE 120TH AVE
Listed by RE/MAX Equity Group
Bought with Opt
$660,000
Est. payment /mo
$675,000
2.2%
Est.Price: ?

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SOLD DATE : 04/04/2024

Key Details

Sold Price $660,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 23154699

Sold Date 04/04/24

Year Built 1965

Annual Tax Amount $4,953

Tax Year 2023

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. 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! Cap rate is 6!! Address is 5405-5407 SE 120th Ave [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10200947]

Location

State OR

County Multnomah

Area _143

Zoning RM1

Interior

Heating Ceiling

Exterior

Roof Type Composition

Parking Type Garage, R V Access Parking

Garage No

Building

Lot Description Level

Sewer Public Sewer

Water Public Water

Schools

Elementary Schools Gilbert Park

Middle Schools Other

High Schools David Douglas

Others

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

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Regional Multiple Listing Service (RMLS)

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Cassandra Marks

+1(503) 884-2387

Realtor, Licensed in OR & WA | License ID: 201225764

Realtor, Licensed in OR & WA License ID: 201225764

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