
5 Northeast 71st Avenue
Multifamily | 2 Units | $325,000/unit
Marketing description
Tucked away at the base of Mount Tabor, this grand craftsman DUPLEX is the perfect blend of function, character and style! Main level unit features hardwood floors, boxed-beam ceilings, wainscotting, clawfoot tub, remodeled kitchen, quartz counters and a full covered front porch that epitomizes Portland architecture. Main unit also includes a separate office/3rd bedroom, an integrated basement space, covered back porch & a fenced yard. Upstairs unit is super cute with an updated kitchen, quartz counters, fun walk-in closet/office spaces, private basement space, separate W/D, storage shed and a private fenced yard. Truly amazing building that's been cleverly split into two premium units! Unbeatable location on a greenway bike route and steps to Montavilla farmer's market, Stark Street corridor, Mount Tabor and more!
Investment highlights
(1) 2 Bedrooms, 1 Bathroom, 2,133 square feet, $2,250/month
(2) 2 Bedrooms, 1 Bathroom, 1,550 square feet, $1,475/month
Gross Income: $45,600
Net Income: $27,760
Annual Tax: $7,070.92
Cap Rate: 4.27
Gross Rent Multiplier: 14.25
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