Cully Townhouse Duplex
Great Income Growth!
Marketing description
Looking for a turn-key investment with serious upside? Look no further than this Cully Duplex gem in vibrant NE Portland! Both units have updated, kitchens & bathrooms! Kitchens feature modern cabinetry, quartz counters and SS appliances. Townhouse style units include new rear Sliders, electric fireplaces, individual storage units, private patios and washer/dryer units. Off-street assigned parking round out this perfect investment near NE 42nd, Alberta Street, Fernhill Park and PDX International! Current annual income = $39,600. Selling at an outstanding 10.5 GRM.
Investment highlights
Gross Income = $39,600
Operating Expenses = $18,280
Net Income = $21,320
Unit Breakdown:
Unit 1: 2 Bedroom, 1 Bathroom, $1,700/month, 851 SQFT
Unit 2: 2 Bedroom, 1 Bathroom, $1,600/month, 851 SQFT
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