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About the Listing EXPL05 - CORDINER
Extensively remodeled down to the studs in 2018, this fully reconfigured residence offers a rare opportunity for owner occupants and investors alike. Configured for income generation, the property has consistently produced $10k + per month, with the lower level generating short term rental income and the upper level previously rented long term. Furniture is included, offering a true turnkey opportunity. The home is currently operating with a short term rental license and is professionally managed through StaySavvy, with multiple flexible strategies available including continued short term rental, dual mid term rentals that do not require a license, or owner occupancy with supplemental income.The lower level features a separate entrance, two bedrooms, full bath, living area, and kitchen, ideal for rental or multigenerational living. The main and upper levels offer a spacious layout with hardwood floors, a remodeled kitchen with quartz and stainless appliances, and a reconfigured upper level with three bedrooms and an updated Jack and Jill bath. All major systems were replaced in 2018 including foundation, plumbing, electrical, HVAC with central air, and a tankless water heater. Exterior improvements include fiber cement siding, vinyl windows, and a composition roof. The property also offers a long driveway, additional parking, and a detached garage converted to storage or workshop. ADU potential provides additional upside for future income or expansion.
Listing Highlights
Status
Active
Days on Site
42
Property Type
Residential
MLS ®
766846077
Year Built
1902
Total Square Footage
3,362
Lot/Acreage
0.14
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances: Cook Island, Cooktop, Disposal, Free-Standing Refrigerator, Gas Appliances, Island, Microwave, Pantry, Plumbed For Ice Maker, Quartz, Stainless Steel Appliance(s)
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished
- Other: Furnished,Hardwood Floors,High Ceilings,Laundry,Quartz,Separate Living Quarters/Apartment/Aux Living Unit,Skylight,Soaking Tub,Tile Floor,Vinyl Floor,Wall to Wall Carpet,Washer/Dryer,Wood Floors
- Water: Public Water
Exterior Details
- Lot Description: Level,Private
- Garage Capacity: 1 car
- Parking Spaces: 1
- Roof: Composition
- Others: Covered Patio,Deck,Fenced,Outbuilding,Patio,Porch,Yard,Updated/Remodeled
- Sewer: Public Sewer
- Parking Features: Converted,Detached,Driveway,Off Street
Financial Details
- Tax Amount: $5,490
- Taxes w/Assessments: N/A
- Tax/Property ID: R102006
- Tax Year: N/A
Payment Calculator
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Questions About..
522 NE Morris St Portland, OR 97212
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