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The Story

5105 Southeast Tibbetts Street

Portland, OR 97206 · Home

Assumable FHA loan at 3.25% interest, buyer must apply to qualify. Live in one unit and rent the other 2 to pay your mortgage. Great opportunity in a fantastic location, bringing just over $5,000 per month and $61,000 gross revenue annually. Cap. rate at 6.2% 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. DND Tenants.

Facts & Features

Property Info

Price
$715,000
Completion Year
1,956
Living Space
3,420 sq ft
Floors
1
Bedrooms
5
Bathrooms
3
Garage
3 spaces

Features & Amenities

Garage / Parking

3 spaces

Fireplace

2 fireplaces

Basement

Yes

Cooling

Central Air

Heating

Forced Air

Flooring

Hardwood, Wood

Roof

Composition

Lot Information

Corner Lot, Level

Exterior

Porch, Yard

Water Source

Public Water

Sewer

Public Sewer

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Listing Broker

Urban Nest Realty

Broker Name

Urban Nest Realty

Agent

Michael Kafoury

Phone

(503) 490-0344

Email

michael@urbannestpdx.com