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About the Listing OPTT01 - COLEMAND
Turnkey Investment with High-Quality Tenant and strong Cash Flow. This is an ideal opportunity for investors seeking reliable, above-market income from day one. This well-maintained property lives like a duplex with two kitchens, two living areas, and a flexible layout including a lower-level suite with exterior access.The current long-term tenant runs an on-site licensed, state-funded childcare business. Government subsidies back the rent, offering consistent, guaranteed income. The tenant maintains the property well and is open to a long-term lease with built-in renewal options.Upgrades include a newer furnace, A/C, LVP flooring, an updated kitchen downstairs, newer appliances (fridge, dishwasher, washer/dryer), fresh interior/exterior paint, a covered deck, updated windows, a DEQ-certified oil tank decommission, and asbestos/lead paint clearance.Zoned residential and in a quiet neighborhood, this property offers strong immediate returns, minimal management, and a tenant who treats it like their own. It is perfect for investors seeking a high-performing, low-drama asset with long-term upside.
Listing Highlights
Status
Active
Days on Site
196
Property Type
Residential
MLS ®
778131711
Year Built
1956
Total Square Footage
2,200
Lot/Acreage
0.22
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances: Dishwasher, Disposal, Free-Standing Range
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces: 2, Wood Burning
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Exterior Entry,Finished,Separate Living Quarters/Apartment/Aux Living Unit
- Other: Hardwood Floors,Laundry,Wall to Wall Carpet,Washer/Dryer,Master on Main
- Water: Public Water
Exterior Details
- Lot Description: Corner Lot,Level,Private,Trees
- Garage Capacity: 1 car
- Parking Spaces: 1
- Roof: Composition
- Others: Covered Deck,Fenced,Tool Shed,Yard,Resale
- Sewer: Public Sewer
- Parking Features: Attached,Driveway,Off Street
Financial Details
- Tax Amount: $5,524
- Taxes w/Assessments: N/A
- Tax/Property ID: R310591
- Tax Year: N/A
Payment Calculator
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Questions About..
14124 SE Mill St Portland, OR 97233
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