This is NOT a normal rental duplex! It has been owner occupied for about 24 years! So, it is in very good shape with many upgrades! Comparative Market Analysis suggests a FSBO value range of $680.000 to $710.000 with a recommended selling price of $695.000! We placed the price at $650.000! Great Deal! Where else can you buy TWO nice 1250 square foot homes for only $325,000 each. Two friends or two family members can purchase this duplex for that low price each!
For most of the last twenty years this duplex has been a three-generation home with grandparents on one side and parents with children on the other. The rest of the time it was owned by us and another family. One family can purchase and live on one side while renting out the other side. Under that condition the rental side will pay most of the mortgage and eventually all of it if you live in it long enough. Two families can purchase this duplex far less expensive than purchasing two separate homes and have private back yards. Or an investor can purchase and rent out both sides.
Owner occupied so all work and repairs have been done to high quality. About 80% of old siding has been replaced with Hardie Plank siding (the rest has several years left before needing replacement) and the roof is brand new with thirty-year roofing. So, no need to take out a second mortgage to replace these items as we've just spent $45,000 for new Hardie Plank siding on east and west sides and all new roofing with improved ventilation. (included in price) plus new Hardie Plank on most of south side just a few years ago. Most of house has new paint.
Landscaping was well done to good taste and includes three mature maple trees in front yard and two large evergreens and three smaller ones in back yard. Both backyard patios are covered for wintertime grilling. Back fence is the Urban Growth Boundary for Keizer so, no neighbors, just countryside out the back. Nice front pond with waterfall and Japanese Maple covering the pond. Backyard has a large pond covered in flowering lily pads, plus a waterfall. Parents side has professionally built swing/play set with three swings, climbing net and climbing wall. Room for more playthings such as sliding board and small club house.
All hard floors are done in porcelain on grandparents' side and Smartcore wood flooring on other side, the rest is carpeted. All countertops are near new with near new deep sinks in kitchen. Both sides have through the wall air conditioning, all rooms but one cooled on one side and main rooms on other side. Most heating is gas (very inexpensive), with occasional electric. All appliances on both sides including washer/dryer.
Great neighborhood with single exit/entrance and great schools all three levels (elementary, middle and high schools). Rental income can more than meet expenses. REMEMBER you'll be buying TWO nice homes for just $325,000 each!!
What the owner loves about this home
We love this home but injuries and age (74 and 70) has made the two story home difficult to live in.
334 days
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274
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Listed by:
Property Owner(971) 599-0371
This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.