MLS # 24613083 | Listed by John L. Scott Market Center 454 N 4 Th Ave is a $545,000, 1,560 square foot, 4 bedroom, 2.0 bath home on a 0.22 acre lot located in Cornelius, OR.
Looks like a great investment opportunity! Zoning for up to a quadplex provides the potential to expand and increase rental income. Buyer to do due diligence with the city. The property already has a functioning duplex with two units, each featuring 2 bedrooms and 1 bathroom. The individual fenced patios and washer/dryer hookups are attractive features for tenants. Additionally, the detached 2-car garage with separate roll-up doors adds value. Or take the opportunity to expand. The location, having public transportation and shopping a couple blocks away, is convenient for tenants and can help maintain a high occupancy rate. The current tenants are on a month-to-month agreement (for far less than current rent market) which offers flexibility for future plans. Please do not disturb tenants or walk the property.
| Basement | None |
| Cooling Types | None |
| Heating Types | Electricity Baseboard Hot Water Description - Electricity |
| # Parking Spaces | 2 |
| Parking Types | Driveway Open |
| Exterior Features | Paved None Other Level Garage(s) |
| Roof | Composition |
| Construction Types | Concrete Perimeter |
| Water Source | Public Water |
| Sewer | Public Sewer |
| Brokerage Name | John L. Scott Market Center |
| Brokerage Contact | 503-359-9100 |
| Property Type | Multi Family |
| Style | Existing Sewer Trash Collection Water |
| Year Built | 1973 |
| HOA Fee | $0.00 |
| Taxes | $3,199.00 |
| County | washington |
| Elementary School | cornelius |
| Middle School | tom mccall |
| High School | forest grove |
| Financial Terms | Cash Conventional Rehab |
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