14124 SE MILL ST new Save Request In-Person Tour Request Virtual Tour
Portland,OR 97233
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $238
MLS Listing ID 778131711
Style Daylight Ranch, Ranch
Bedrooms 3
Full Baths 2
Year Built 1956
Annual Tax Amount $5,524
Tax Year 2024
Lot Size 9,583 Sqft
Property Sub-Type Single Family Residence
Property Description
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.
Location
State OR
County Multnomah
Area _143
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Number 2
Fireplaces Type Wood Burning
Exterior
Exterior Feature Covered Deck, Fenced, Tool Shed, Yard
Parking Features Attached
Garage Spaces 1.0
Roof Type Composition
Building
Lot Description Corner Lot, Level, Private, Trees
Story 2
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Lincoln Park
Middle Schools Ron Russell
High Schools David Douglas
Others
Acceptable Financing Cash,Conventional,FHA,VALoan
Listing Terms Cash,Conventional,FHA,VALoan
Virtual Tour https://mls.ricoh360.com/9427f853-b85d-4663-bc5e-313a070970e5