Kevin Morris Realty Portland
Veterans United Homefront
48 Photos

6920 Ne 27TH Ave, Portland, OR 97211

$899,000 Asking Price

4 beds
3 baths
2,195  sqft
Built in 1954

This stunning Mid-Century Modern home is situated on a prime corner lot, zoned for additional ADU structures, offering a unique layout and incredible potential for expansion. The property includes two usable basements, perfect for building two additional units. The yard has been professionally leveled and is ready for construction. Key Features: • Complete Renovation: The entire home has been remodeled with brand new electrical, plumbing, ceilings, floors, fixtures, and windows, ensuring a modern and worry-free living experience. • Main Floor: Boasts high vaulted ceilings with exposed beams, large windows, and an open-concept layout featuring hardwood floors, custom built-ins, and a beautifully remodeled kitchen designed for versatility and style. • Finished Basement: Serves as a luxurious master suite with a separate entrance and laundry, making it ideal as a private ADU or guest living quarters. Rental Income: • Upper Unit: Currently rented for $2,800 per month • Lower Unit: Rented for $2,200 per month With a 5.1% cap rate and a net profit of $48,000, this property represents an excellent investment opportunity. The upper backyard is a retreat in itself, complete with wood decking and two gazebos—perfect for outdoor entertaining. Furniture is negotiable per the seller. This is a must-see property with significant potential for additional income and expansion. Please refer to the private remarks for more detailed information.

Listing Status:
Active
Date Added:
September 27, 2024 — 40 days ago
Listing Office:
Vantage Point Brokers, LLC, Kevin Riley (503-580-1500)
Office Phone:
503-523-0997
MLS ID:
24698662

Features & Amenities

Interior

General:
Hardwood floors, Laminate flooring, Laundry, Vinyl floor, Washer dryer
Appliances:
Dishwasher, Disposal, Free standing refrigerator, Gas appliances, Island, Microwave, Pantry
Basement:
Finished
A/C:
Central air
Heating:
Forced air 95 plus, Wood stove
Fireplace:
Wood burning, Fireplace, Fireplaces: 1

Exterior

General:
Wood siding, Fenced, Gazebo, Patio, Porch, Rv parking, Yard
Style:
Stories 2, Mid century modern
Parking:
Off street, Rv access parking, Parking spaces: 0

Construction

Roofing:
Flat, Membrane
Windows:
DoublePaneWindows,VinylFrames
General:
Concrete perimeter

Location

Road/Access:
Paved
Originating MLS:
Regional Multiple Listing Service, Inc.
County:
Multnomah

Lot

Zoning:
RSA, IRVINGTON PK, BLOCK 87, W 50' OF LOT 1-3, R191011

Utilities

Water:
Public Water
Sewer:
Public Sewer

Financial

Source:
Regional Multiple Listing Service, Inc.

This listing courtesy of:
Vantage Point Brokers, LLC, Kevin Riley

About Portland, OR

Housing

Number of Units
428,822
Median Home Value
$473,531
Median Rent
$1,251

43.72% of housing units are renter occupied.

5.89% are vacant.

Commute

Car
46.63%
Public Transportation
6.64%
Walk to Work
3.11%
Work from Home
40.47%
Other
0.60%

The median travel time to work is 17 minutes.

People

Population
933,432
Median Age
38.50
Median Household Size
2.55

Education

High School
15.24%
Associate’s Degree
6.78%
Bachelor’s Degree
30.17%
Graduate Degree
20.64%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Similar Homes

Veterans United Homefront

Kevin Morris Realty Portland 10260 SW Greenburg Rd, Portland OR 97223 - (503) 805-5686

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