9628 SE Holgate Blvd

Description

Exceptional turn-key investment opportunity with a CAP rate of 5.08. City of Portland approved building plans for a total of 7 units, currently there are 3 units. See attached plans. incredible growth potential for investors. One duplex plus one house on same tax lot. Buyer to conduct their own due diligence. Discover this beautifully maintained investment property featuring a modern 2020 duplex (1128 & 1210 sq ft) and a 1912 home in excellent condition (900 sq ft). The duplex is a quality build by contractor-owner, is set back off the street, offering open and airy living spaces. Each unit features a bright modern kitchen with stainless appliances, LVP flooring, a stylish half bath and extra storage under the stairs. A dining room with a slider opens to a private, enclosed patio. The upper level has two bedrooms, full bath with shower and washer and dryer. The charming 1912 home has been well maintained, two bedrooms, one bath and a spacious living room with hardwood floors. Dining room, galley kitchen with a new sink and countertops & newer appliances. A spacious laundry room with w/d hookup, laundry sink and second entry. Recent updates include a new furnace in 2015 and new roof in 2019. The fenced yard is maintained by the tenant. Off-street, assigned parking for each unit Tenants pay all utilities except garbage. All three units are occupied and professionally managed. Prime location with easy access to I-205, public transportation, shopping, schools and parks. Don't miss this rare opportunity to own a high-quality investment property with built-in potential for future development.No sign on property, please do not disturb tenants or enter property without agent. Motivated seller.