Great investment property on a corner lot in a quiet Gresham neighborhood! Near to park, shopping, and schools. Both units have been maintained extremely well, unit 804 has had a kitchen remodel, bathroom upgrades, newer water heater, newer interior paint, new heaters. Unit 814 has had updates in the bathroom. Exterior paint on entire structure in 2020. Gutter helmet system. Tenants are on month to month leases, would like to stay, one tenant has been renting since 2007. Don't miss this one!
Off market
$463,700
804 SE Cochran Dr, Gresham, OR 97080
6beds
4baths
2,128sqft
MultiFamily
Built in 1978
-- sqft lot
$463,700 Zestimate®
$218/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Electric
Appliances
- Included: Dishwasher, Garbage disposal, Range / Oven
- Laundry: Washer/Dryer Hookup
Features
- Basement: Crawl Space
Interior area
- Total interior livable area: 2,128 sqft
Property
Features
- Exterior features: Wood, Cement / Concrete
Lot
- Features: Corner Lot
Details
- Zoning: MDR-12
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Gresham
HOA & financial
Other financial information
- Total actual rent: 2950
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- RoadSurfaceType: Paved
- Appliances: Dishwasher, Disposal, Electric Water Heater, Range, Tank Water Heater
- GarageYN: true
- HeatingYN: true
- NumberOfUnitsTotal: 2
- Utilities: Electricity Connected
- Heating: Zoned
- ConstructionMaterials: Wood Siding, Cement Siding, Board & Batten Siding
- Roof: Composition
- LotFeatures: Corner Lot
- LeaseTerm: Month To Month
- Basement: Crawl Space
- FarmLandAreaUnits: Square Feet
- ParkingFeatures: Storage, Garage, Paved
- RentIncludes: Water, Sewer, Trash Collection
- Zoning: MDR-12
- GrossIncome: 35400
- TotalActualRent: 2950
- CapRate: 3.12
- LaundryFeatures: Washer/Dryer Hookup
- MlsStatus: Pending
- NetOperatingIncome: 14055
- OperatingExpense: 18455
- TaxAnnualAmount: 4371.22
- Road surface type: Paved
Services availability
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Estimated market value
$463,700