Description
This stunning Mid-Century Modern home is situated on a prime corner lot, zoned for additional ADU structures, offering a unique layout and incredible potential for expansion. The property includes two usable basements, perfect for building two additional units. The yard has been professionally leveled and is ready for construction. Key Features: Complete Renovation: The entire home has been remodeled with brand new electrical, plumbing, ceilings, floors, fixtures, and windows. Ensuring a modern and worry-free living experience. Main Floor: Boasts high vaulted ceilings with exposed beams, large windows, and an open-concept layout featuring hardwood floors, custom built-ins, and a beautifully remodeled kitchen designed for versatility and style. Finished Basement: Serves as a luxurious master suite with a separate entrance and laundry, making it ideal as a private ADU or guest living quarters. Rental Income: Upper Unit: Currently rented for $2,800 per month Lower Unit: Rented for $2,200 per month With a 5.1% cap rate and a net profit of $48,000, this property represents an excellent investment opportunity. The upper backyard is a retreat in itself, complete with wood decking and two gazebos"perfect for outdoor entertaining. Furniture is negotiable per the seller. This is a must-see property with significant potential for additional income and expansion. Please refer to the private remarks for more detailed information.
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4BEDS
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0.14ACRES
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2BATHS
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11/2 BATHS
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2,195SQFT
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$435$/SQFT
School Ratings & Info
Description
This stunning Mid-Century Modern home is situated on a prime corner lot, zoned for additional ADU structures, offering a unique layout and incredible potential for expansion. The property includes two usable basements, perfect for building two additional units. The yard has been professionally leveled and is ready for construction. Key Features: Complete Renovation: The entire home has been remodeled with brand new electrical, plumbing, ceilings, floors, fixtures, and windows. Ensuring a modern and worry-free living experience. Main Floor: Boasts high vaulted ceilings with exposed beams, large windows, and an open-concept layout featuring hardwood floors, custom built-ins, and a beautifully remodeled kitchen designed for versatility and style. Finished Basement: Serves as a luxurious master suite with a separate entrance and laundry, making it ideal as a private ADU or guest living quarters. Rental Income: Upper Unit: Currently rented for $2,800 per month Lower Unit: Rented for $2,200 per month With a 5.1% cap rate and a net profit of $48,000, this property represents an excellent investment opportunity. The upper backyard is a retreat in itself, complete with wood decking and two gazebos"perfect for outdoor entertaining. Furniture is negotiable per the seller. This is a must-see property with significant potential for additional income and expansion. Please refer to the private remarks for more detailed information.
© 2024 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Data last updated: 2024-10-06T00:09:40.203.