Saundra Valentine, Broker~Owner

503-892-3037

sav@valentinesportlandrealtor.com

"Saundra is a new experience in Realtors!"

 

FEATURED PROPERTY

 

WELL MAINTAINED NW NEIGHBORHOOD TRI-PLEX

RMLS # 8023589 & # 8023518

$615,000

Call Saundra Valentine @ 503-892-3037 to schedule a viewing.

PLEASE DO NOT DISTURB THE TENANTS-THANK YOU!

 

2880-2882-2884 NW UPSHUR STREET, PORTLAND, OREGON 97210
LUSH LANDSCAPED BACK YARD WITH SUN DECK
TWO UNITS UP & ONE UNIT DOWN
ONE BLOCK FROM FOREST PARK ~ MACLEAY TRAIL
2882 ~ UPPER RIGHT UNIT
NEWLY RENOVATED KITCHEN LIGHT FILLED LIVING ROOM WITH VIEWS OF TREE TOPS
NEWLY RENOVATED BATHROOM
2880 ~ UPPER LEFT UNIT
ORIGINAL 1959 KITCHEN
FIREPLACE IN LIVING ROOM
FULL BATHROOM
2884 ~ LOWER UNIT
LARGE KITCHEN OPEN TO LIVING ROOM
FIREPLACE IN LIVING ROOM
BATHROOM WITH SHOWER
COMMON AREAS
COIN-OP LAUNDRY ROOM
BACK YARD, PATIO & SUN DECK
THREE OFF-STREET PARKING SPACES

This building was an original duplex, with a family room and a garage downstairs. The third unit downstairs was converted to a separate living unit in the 80's. The unit upstairs on the right was renovated in 2004; the second unit upstairs on the left maintains it's original 1959 charm.

This has been a well maintained multi-family property. Recent maintenance includes: New Roof 2006; New Water Heaters 2003; New Elements installed 2007; Crawlspace insulated 2003; Attic insulated to code 2002; Driveway sealed 2207; New sod front & back yards 2007;

~Keep as a Tri-Plex as an investment in the popular Northwest neighborhood.
~This property & location would work well for an extended family quarter: Example being daughter & child live in one unit, son lives in a second unit, and the parents or in-laws in a third unit.
~Another option is to convert the upstairs or the entire property to a home.

The property is located at the end of Upshur, which is a quiet cul de sac, next door to Macleay Trail & Forest Park. Living in the Northwest Neighborhood invites one to be outdoors and get excercise: Walk to coffee shops, restaurants, shopping, and the free Trolley to downtown, as well as the numerous trails in Forest Park.

The lush landscaped terraced private fenced back yard includes a patio and sundeck. The right upper unit has anextra courtyard area. There is off-street parking for three.

Features include: wood burning fireplaces, hardwoods under carpet, and a small territorial view. Plus location, location!

Rents are below market in this popular Northwest Neighborhood. Deduct from total rents on listing $72/mo. for electrical credit (billed on two of the units electrical bills)for common area. Seller is offering a $5500 Buyer credit at closing for future potential sewer line work. The sewer line works great, but the recent sewer line inspection showed tree roots growing in the pipes. The recommended repair work is estimated at $5500, to be replaced when and at the new owner's discretion.

This property is zoned R1, which means that it is legal to have 5 units, per the City Of Portlands evaluation. Buyer to do their own due diligence regarding the potential for a 5th unit.

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