Portland, OR Offered for sale at $1,400,000
Captivating blend of modern infrastructure and beautifully preserved historical details in the heart of Sunnyside! A million dollar renovation secured this beautiful home on top a modern foundation and cleanly split utilities by floors (triplex ready, including 6″ connection to sewer). New 2BR+1BA lower apartment features 9 foot ceilings, a private entrance and patio, and amenities such as a bubble jet tub and quartz counter tops.
The original 1890 Duplex, historically known as the Eva Holder House, has modern upgrades such as air conditioning while maintaining architectural detail including original sash windows and clawfoot tubs. Upper two stories plus a loft boasts 4 BR, 2 baths, 2 living spaces, kitchen, wet bar, laundry, plus front and rear decks.
Historic property in a well desired neighborhood. Walk score of 93 and bike score of 100. Tons of rental opportunities – convert to triplex and rent all or owner occupy and rent the extra space as ASTR or M2M. Owners had achieved AirBnB Superhost status before renting to M2M tenants. Potential caprate 8%. Buyer to do due diligence. Make offer subject to interior inspection – property currently occupied – do not bother tenants.
- Offered for sale at $1,400,000
- Occupancy Rate: 80%
- Average Daily Rate: $360
- Annual revenue is $105,120
- Terms: Cash, Conventional, 1031
Revenue is projected