Courtesy: Keller Williams PDX Central
503-548-4848
This fully remodeled duplex may be the best first step into homeownership in town! Live in one unit and rent out the other side to offset your mortgage! Each unit features 2 bedrooms, 1 bathroom, and is just under 850 square feet. The remodel was studs-out and includes updated electrical and updated plumbing, even including the main water line. The home now features LVP flooring, double pane vinyl windows, stainless steel appliances, and of course fresh paint inside and out! The roof and water heaters are approximately 6 years old. Even with low or no down financing, you may still be able to pay less than you do for rent! For investors, the property is forecasted to produce approximately a 6.98% cap rate at the $374,000 list price, based on $2,900/month in projected market rents and a 25% expense allowance. The extensive recent renovations may also help reduce near-term maintenance and capital improvement needs. Photos are virtually staged/enhanced.
Sheridan is located in Oregon. Sheridan, Oregon has a population of 4,826. Sheridan is less family-centric than the surrounding county with 29.26% of the households containing married families with children. The county average for households married with children is 31.3%.
The median household income in Sheridan, Oregon is $53,277. The median household income for the surrounding county is $73,409 compared to the national median of $69,021. The median age of people living in Sheridan is 37.2 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 34.5 degrees. The average rainfall is approximately 45.6 inches per year, with 4.2 inches of snow per year.
