5105 5109 SE TIBBETTS ST Portland, OR 97206

ADDRESS:: 5105 5109 SE TIBBETTS ST Portland, OR 97206
Price:: $780,000
Units:: 3
Unit 1:: 1 Bed 1.0 Bath $1,630/mo
Features: Air Conditioning, Fireplace, Hardwood Floors, Refrigerator
Unit 2:: 2 Bed 1.0 Bath $2,032/mo
Features: Deck, Fireplace, Hardwood Floors, Refrigerator
Unit 3:: 2 Bed 1.0 Bath $1,250/mo
Features: Air Conditioning, Disposal, Range, Washer/Dryer
MLS#:: 331659176
Lot Size:: 5,000 to 6,999 SqFt
Type:: Multi
Zone:: R2.5
Yr Built:: 1956
Taxe/yr:: $6,700.10
County:: Multnomah
Status:: Active
Heat:: Forced Air
Nhood/Bldg:: RICHMOND
View:: Seasonal
Elem:: Creston
Middle:: Kellogg
High:: Franklin
Lot Desc:: Corner Lot, Level
Area:: Portland Southeast
Courtesy of:: Urban Nest Realty
Remarks:: 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. DND Tenants.

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