1434 SE Pine St

Description

Also includes 1436 SE Pine St. Seller's are licensed real estate agents in Oregon. OWC with 20% down. This multi-family property consists of a single family 3BR/1BA home at 1436 SE Pine St, accessed directly from SE Pine St, and a two story duplex at 1434 SE Pine St, which is accessed from the alley between SE Sykes and SE Burke. All units are served by a single water meter. The lower unit in the duplex, with an address of 1434 Apt 1, is a 2BR/1BA, while the upper unit, address of 1434 Apt 2, is a 3BR/1BA. Both duplex units have electric wall heaters in each room, refrigerators, gas ranges, and new gas hot water tanks were installed in January of 2024. The tenants in the duplex pay only for their electric usage, as there is only one gas meter serving both units. 1436 SE Pine has central gas heat and air conditioning, with refrigerator, gas range and dishwasher. The kitchen and bathroom of 1436 SE Pine were fully remodeled in 2019. 1434 SE Pine had new roofing installed in 2022. All units have double pane vinyl windows, and the flooring is a combination of LVP, laminate, sheet vinyl and carpet. Both building exteriors were painted in 2015. 1434 SE Pine has fiber cement siding and 1436 SE Pine has mostly original wood siding, with some T-111. The stair treads to 1434 Apt 2 are Redwood. There is a fenced common area between the two buildings. 1436 SE Pine has parking for multiple vehicles along the north side of the home. Each unit of the duplex has parking for two vehicles in a rocked parking area off the alley, with some of the parking being a deeded and recorded easement for parking behind 1424 SE Pine St. There is a separate room on the lower level of the duplex where the hot water tanks and electric panels are located, and the room also has hookups for two washers and dryers, with the one dryer hookup being connected to each unit's electrical panel. The current tenants are solid and want to stay. Financial reports for 2020-2023 and improvement list are available.