Bought with MORE Realty
$650,000
$650,000
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SOLD DATE : 05/13/2024
Key Details
Sold Price $650,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24581375
Sold Date 05/13/24
Year Built 1968
Annual Tax Amount $5,608
Tax Year 2023
Property Description
Best Forest Grove duplex cap rate on the market, 6.06!!! Solid investment with this exceptional vintage-hip Mid Century duplex, presenting a rare investment opportunity. Zoned for a 4-plex, the existing garage areas offer the potential for two additional units, with one garage already converted into living space with its own bathroom. Very easy to make a Tri-plex and owner had an estimate for about $20,000 to make the 4th unit. HUGE UPSIDE, with seamless expansion without altering the foundation or roofline. A prime chance for investors to enhance cash flow, ideal for residing in one unit and leasing the other. Boasting parquet flooring and two fireplaces, this property is tailored for strategic investors seeking substantial returns. Excellent Forest Grove location, situated within a quiet confine of a cul-de-sac in a charming neighborhood and close to Pacific University.
Location
State OR
County Washington
Area _152
Zoning RMH
Rooms
Basement Crawl Space
Interior
Heating Baseboard
Cooling None
Exterior
Waterfront Yes
Waterfront Description Other
Parking Type Assigned, Paved
Garage No
Building
Lot Description Corner Lot, Cul_de_sac, Level
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Joseph Gale
Middle Schools Neil Armstrong
High Schools Forest Grove
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
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