370 NW YAMHILL St
Property Description
This fully remodeled duplex may be the best first step into homeownership in town! Live in one unit and rent out the other side to offset your mortgage! Each unit features 2 bedrooms, 1 bathroom, and is just under 850 square feet. The remodel was studs-out and includes updated electrical and updated plumbing, even including the main water line. The home now features LVP flooring, double pane vinyl windows, stainless steel appliances, and of course fresh paint inside and out! The roof and water heaters are approximately 6 years old. Even with low or no down financing, you may still be able to pay less than you do for rent! For investors, the property is forecasted to produce approximately a 6.98% cap rate at the $374,000 list price, based on $2,900/month in projected market rents and a 25% expense allowance. The extensive recent renovations may also help reduce near-term maintenance and capital improvement needs. Photos are virtually staged/enhanced.
Broker Details
Keller Williams Realty Portland Central (503) 548-4848
MLS ID: WAXANDER
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $374,000 |
| No. of Units: | 2 |
| Year Built: | 1945 |
| Lot Size: | 1,672.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $187,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-RMLSOR-390791968
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