Updated SE Duplex in Richmond
5105-5109 SE Tibbetts St. Portland, OR 97206
Details:
5 Bedrooms
3 Bathrooms
Updated Kitchens
Updated Bathrooms
2 Driveways
Oversized Corner Lot
5.6% Cap Rate
Nearly $5k/MO & $60K/YR Gross Revenue
3,420 SqFt.
Residential RMLS: #554544251
Multifamily RMLS: #331659176
Asking Price: $780,000
Here is a great opportunity to own an income-generating duplex, in a great location, bringing in nearly $5,000 per month and $60,000 gross revenue annually. Cap. rate at 5.6% with low operating expenses and taxes, blocks from SE Division on a quiet street with 2 driveways, on an oversized corner lot. Updates include newer floors, appliances, and bathroom/kitchen finishes. Solid rental history with tenants in place who are all willing to stay. Don't miss out on this tremendous opportunity to diversify your rental portfolio and/or take on your first investment property and live in the non-conforming 3rd unit.
Please contact Michael for showings, Open House information or questions. DND Tenants.
Listed by Michael Kafoury
Licensed in Oregon