2858 SE Malcolm St, Milwaukie, OR 97222

Great investment opportunity in the Ardenwald-Johnson Creek neighborhood! This duplex property has side by side units with both sides having lower level areas. 2856 has a bonus room and utilities in lower area could be future studio unit. 2858 has entire two bedroom unit with kitchen and separate entrance for the potential of four incomes! Both units fully rented with solid tenants. New fence in back and side provides both units with fully fenced private back yards and decks. The living rooms have a wood burning fireplace, slider access to the deck and is open to the kitchen, complete with an electric range, free standing refrigerator, new dishwasher and breakfast nook. There are three main level bedrooms, one full and one half bath. The lower level has the laundry room and family room with exterior access for 2856 tenants on a year lease and already excited to renew. Unit 2858 is currently on a yearly lease lease (they’ve been here for 13years already!) mirrors the main floor footprint of unit 2826 and is roughly 1400 square feet. The basement remodel in this unit was is approximately 800 square feet and has the potential for a third unit with the existing lower level kitchen, living room, bedroom, bonus room and full bath. As it stands now, each unit has their own oversized two car garage, a sunny deck and separate back yard. Tenants pay all utilities. This is a turn key excellent rental investment!