Welcome to this Attractive and Inviting Cape Cod Style Duplex located in the desirable West University Neighborhood, only 3 blocks from campus! This strong rental income producing property has leases in place for the 2024/2025 academic year renting for a total of $5250 per month! Leases start September 1st. Tenants and co-signers have been vetted and leases are secured with deposit and last month's rent already paid, which will be transferred to buyer upon close of escrow.This property is divided between the updated original 4 bedroom 2 bath and 1600 Sq Ft house, and a newer 2 bedroom 1 bath 950 Sq Ft apartment. The Apartment was finished in 2010. Each unit features its own kitchen, laundry, entrance, water, and electric meter.In addition to the newer apartment, the house also has many new and upgraded features including: An all new foundation/basement with correct waterproofing and drainage in 2005, nearly all plumbing replaced, completely updated electrical, new efficient no maintenance windows, upgraded kitchens with oak and maple cabinets, new exterior paint, new and refinished hardwood floors, coved ceilings, lots of original woodwork, a handsome fireplace, ductless heat pumps, air conditioning, and much more. The main kitchen was remodeled in 2020 with custom cabinetry, Corian counter tops and eating bar, new exhaust fan, dishwasher and garbage disposal.The exterior features a covered front porch, top of the line exterior paint that was new in 2020, fenced and locked rear yard, 2 car garage, and additional off-street parking for 3 vehicles. This property has been owned and managed by same individual for 22 years. If you are looking to invest in a well maintained and incredibly reliable income property, that caters to University of Oregon students, this is it!

Listing courtesy of Greg Messick of RealtyNET, LLC



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This content last updated on 2024-09-19 02:25 AM PDT.

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