Closing: Chapter Two of Building a Real Estate Empire for Ferdinand

I’ve had the pleasure of working with several repeat clients this season, and it’s made for a great summer so far! Welcome to chapter two of Building a Real Estate Empire for Ferdinand. This year, Asher and Marlena approached me, ready to purchase their second duplex. After placing offers on properties in Newberg, Gresham, and Beaverton, their offer on the home in Gresham was accepted! This solid Gresham duplex is the newest addition to their real estate portfolio with the intent of building a strong financial future for their son Ferdinand. 

 We spent a lot of time at the property preparing for the updates that would need to be done to make the home a highly rentable space.  Asher plans to update the windows and main level bathroom in the larger unit.  We also had to deal with some unknowns with unpermitted work in the lower-level bathroom.  After a few visits with contractors and plumbers, Asher has a plan in place to get everything up to code.  

This time around Ferdinand is old enough to help with some of the planning work:).  I love being a part of the process of deciding which projects are needed right now and which can wait to maximize rental income.  As a bonus, the home came with solar panels, which Asher and Marlena were stoked on. Congratulations on this killer duplex and the solid investment!  Thank you for trusting me with your purchase, and I know we’ll be seeing each other down the road again!

Listing Details: Opportunity awaits at this well-cared-for duplex just blocks from downtown Gresham. Income-producing 2/1 unit on one side & 3/2 vacant unit on the other. Both units come with an attached oversized garage & the vacant side has an updated primary bed/bath on the lower level. Located on a corner lot with plenty of outdoor space, multiple producing fruit trees, raised beds & owned solar panels that come with the property. This is the dreamy duplex you have been waiting for!

Address: 210 220 SE 2nd St, Gresham, OR 97080

Listing Price: $499,000

Bedrooms: 5

Bathrooms:  3

Sq. Ft: 2,792

RMLS: 21518707    

Are you looking to buy or sell in the Portland area? Get in touch! Your home is out there, waiting for you!