For sale, two vintage duplexes on one tax lot, listing price is $1,275,000.  The property is located at 410 SE 10th Avenue, Portland, Oregon.  This charming, 1906 year built property was remodeled in 2016 with new kitchens, appliances, washers and dryers, and included plumbing and electrical updates.

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DEAL SUMMARY:

Price:  $1,275,000

Price Per Unit:  $318,750

Price Per Square Foot: $183.51

Estimated Cap Rate (Actuals): 5.46%

PROPERTY DESCRIPTION

Close-in vintage 4 plex, located on SE 10th/Stark features remodeled interiors with newer kitchens and sinks, including gas stoves. Each unit has a forced air gas furnace, walk in closets, and washer/dryer hookups. The 2016 remodel included new kitchens and bathrooms, stainless steel appliances, electrical and plumbing upgrades, refinished hardwood floors, and new finishes and fixtures. The large 2 bedroom units include a separate basement space, perfect for bike and other storage. The property features a strong tenant base and operations, and a fantastic, close-in SE Buckman neighborhood location near Revolution Hall, grocery stores, coffee shops, and public transit, with a 97 walk score.

For more details, call Bernard Gehret at Joseph Bernard Investment Real Estate at 503.546.9390.