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Archived almost 5 years ago

$414,997

5+ bd 4+ ba

9425 SW Longstaff St , Tigard , OR 97223

Residential SFR Occupied

Current Rent **

N/A

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Amazing Rental or Investment deal in Tigard

Amazing single family home with a lot of potential in this 8 bedroom + office on 1/4 acre lot, fully remodeled in 2011. Separate mother-in-law living quarters- Airbnb potential, double laundry rooms, water heaters- one for main quarters and one for in-law suite + kitchenette. Hardwoods throughout main & upper, stainless-steel appliances, granite, crown moldings. Master on Main. Great privacy on private, paved, dead-end street.

The property is occupied. Do NOT visit the property without an appointment. Do not disturb the occupants.

PROPERTY INFORMATION

Address: 9425 SW Longstaff St Tigard Oregon 97223
Bedrooms: 8
Bathrooms: 4
Square Feet: 3,900
Year Built: 1920
Stories: 1

PICTURES

Link: https://drive.google.com/drive/u/2/folders/1kdJmYHMSdaNxb97WRWnt2eae6vcngXFA

COMPARABLES

13170 SW Howard Dr Tigard, OR 97223

7 beds 3 baths 3,800 sqft
SOLD: $600,000 Sold on 06/27/18
Built 1966, lot 0.34 acres
Condition 5
12555 SW Summer Crest Dr Tigard, OR 97223

6 beds 5 baths 3,697 sqft
SOLD: $570,000 Sold on 06/27/18
Built 1972, lot 0.42 acres
Condition 3

11345 SW Ambiance Pl Tigard, OR 97223

4 beds 4 baths 4,151 sqft
SOLD 599,000, Sold 4/24/18
Built 1980, lot 0.26 acres
Condition 5

After Repaired Value

589,000

REHAB ESTIMATE

$40,000

ACQUISITION PRICE

$414,997

RENTAL POTENTIAL

$3,500

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May we remind you that we have a legally binding purchase contract with a memorandum signed giving us the exclusive right to purchase the property. Do not attempt to contact or renegotiate with the seller. Any attempt to communicate with the owner without our written consent can result in legal against you.

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/ SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action. (If you need more information on what is an assignment of contract, click here.)

This company makes no warranty or representation about the content of this post. It is your responsibility to independently confirm the accuracy and competencies. Any projections, opinions, or assumptions used are for example only and do not represent the current or future performance of this property.

Location:

9425 SW Longstaff St , Tigard , OR 97223

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.