MLS# 24254044 – 88054 5th St, Veneta, OR 97487 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of DC Real Estate Inc.

Property Description

Description

2 Units

Status: Pending

Year Built: 1978

Days on Website: 26

Investor Alert! This duplex in Veneta presents an enticing opportunity for both multi family investors and owner occupied investors alike. Boasting a prime location, it offers the flexibility to live in one side while renting out the other, or to rent out both sides. Each unit features two bedrooms, one and a half baths, a single-car garage, and a fenced backyard, providing comfortable living spaces with privacy and outdoor enjoyment. Both units have in unit laundry areas. Spread over two levels, these units offer ample space and separation for modern living. The cozy fireplace adds warmth and ambiance, perfect for relaxing evenings. Currently, the vacant side at 88056 5th St awaits your personal touch, while the occupied side at 88054 5th St showcases the income-generating potential of this property. Renting at $1,200 a month. With high rental demand and potential appreciation in Veneta, this duplex is not to be missed. Take advantage of this opportunity to secure your financial future and schedule a showing today!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Built in 1978

Storage:

Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Exterior Features

Exterior Description:

T111Siding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

Ceiling

Income

Gross Income:

$14,400

Gross Rent Multiplier:

29.51

Listing

Contract Status Change Date:

2024-04-10

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-04-11 10:27:14

List Price:

$425,000

Listing Contract Date:

2024-04-04

Listing Id:

24254044

Mls Status:

Pending

Modification Timestamp:

2024-04-11 10:27:14

Off Market Date:

2024-04-10

On Market Date:

2024-04-04

Purchase Contract Date:

2024-04-10

Rent Includes:

None

Standard Status:

Pending

Location

MLS Area Major:

_236

County Or Parish:

Lane

Lot

Features:

Level

Size Acres:

0.16

Size Range:

SqFt7000to9999

Size Square Feet:

6,969

Size:

7,000 to 9,999 SqFt

Parking

Features:

Driveway

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

Roof

Roof:

Composition

Schools

High School:

Elmira

Middle Or Junior School:

Fern Ridge

Elementary School:

Veneta

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$4,397

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,200

Area:

1084

Features:

Fireplace,Range,Refrigerator,WasherDryerHookup

Units Total:

2 total bathrooms

2 total bedroom

Unit Two

Area:

1084

Features:

Fireplace,Range,Refrigerator,WasherDryerHookup

Units Total:

2 total bathrooms

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$425,000 -

88054 5th St Veneta , OR 97487

MLS Area Major: _236

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 30, 2024 4:43AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.