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$680,000

Beds
5
sq ft
2,663

7454 N Haven Ave, Portland, OR 97203

7454 N Haven Ave

Portland, OR 97203

  • 173 days on market
    • Price drop $19,000↓
Investor's Dream in University Park: This duplex offers an exceptional opportunity for savvy investors. With two distinct units - a 2-bedroom, 1-bath and a 3-bedroom, 1-bath - this property maximizes rental potential. In addition, there is 816 sq. ft. of unfinished basement for extra storage plus the R2.5 zoning allows for potential conversion of 520sq.ft garage to an additional unit/ADU. Each unit boasts modern amenities including stainless steel appliances, hardwood floors, and in-unit washer and dryer, ensuring high tenant satisfaction and premium rental rates.Strategic Design: Featuring private entrances and tall ceilings, tenants enjoy a sense of exclusivity and space. The covered porch provides an inviting outdoor area, while the garden and patio offer additional relaxation spots. Investors can leverage the unfinished basement for extra storage or as an added amenity for tenants.Potential for Expansion: The large garage space presents a unique opportunity to convert into a third rental unit, further increasing rental income potential. With the ability to accommodate multiple vehicles or serve as a workshop/storage area, this space offers flexibility for various investment strategies.Prime Location: Situated in University Park, this property is in a highly desirable rental market, attracting tenants seeking proximity to amenities & employment opportunities. Investors can capitalize on the consistent demand for housing in this area, ensuring stable occupancy rates and strong rental yields. Don't miss out on this lucrative investment opportunity! With its strategic design, prime location, and potential for expansion, this duplex offers a pathway to long-term financial growth in the lucrative rental market

Details

Property type

Est. home value

$616,136

Property condition

Updated/Remodeled

Lot size

5,227 sq ft

Price per sq ft

$256

Year built

1906

Annual property taxes

$6,002.49

Price History

08/20/2024
PortlandOR

PortlandOR #24112823

Removed
$680,000
08/05/2024
PortlandOR

PortlandOR #24112823

Listed
$680,000
07/02/2024
PortlandOR

PortlandOR #24112823

Price change
$680,000
-2.72%

Schools & Community

Neighborhood: 

University Park

Elementary school: 

Astor

Middle school: 

Astor

High school: 

Roosevelt

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$72,979
Asking price
$680,000
Closing costs (~8% of asking)
-$54,400
Est. remaining loan balance
-$552,621
Cash to seller
$72,979

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

November 2021

Original loan amount

$589,132

Est. remaining balance

$552,621

Interest rate

2.88%

Loan type

FHA, 30 year

Seller

Obie J Poasa

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 10/05/2024 at 11:20 PM

Listing updated: 09/11/2024 at 11:16 PM

Listed by: Tanya Smith, Redfin Phone #: (503) 496-7620

MLS: PortlandOR #24112823

PortlandOR logo

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