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5105-5109 SE Tibbetts St, Portland, OR, 97206

5beds
3baths
3,420sqft
$749,000
$219price/sqft
$4,901/moest. monthly cost
$196,040/yrincome needed

About This 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.

Getting Around

88
WalkingVery Walkable
52
TransitGood Transit
96
BikeBiker's Paradise

Schools

9/10
Creston Elementary SchoolGrades K-50.4 mi
7/10
Hosford Middle SchoolGrades 6-81.4 mi
6/10
Franklin High SchoolGrades 9-120.2 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1956

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: Shake Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Electric Water Heater
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Daylight,Full

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 2

Features

  • Window features: Double Pane Windows,Vinyl Frames
  • Flooring: Hardwood
  • Number of fireplaces: 2
  • Fireplace features: Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,420
  • Total interior livable area: 3,420 sqft

Master Bedroom

  • Level: Main

Property

Accessibility

  • Accessibility features: Kitchen Cabinets,Natural Lighting,Parking,Accessibility

Details

  • Parcel number: R142608
  • Zoning: R2.5

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Porch
  • Exterior features: Yard
  • Has view: Yes
  • View description: Seasonal

Lot

  • Lot size: 5,662 sqft
  • Features: Corner Lot,Level,SqFt 5000 to 6999

Parking

  • Total spaces: 3
  • Parking features: Carport,Driveway
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Has uncovered spaces: Yes
  • Carport: Yes