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2418 Cedar Cir, Forest Grove, OR 97116
$650,000
2418 Cedar Cir, Forest Grove, OR 97116View this property at 2418 Cedar Cir, Forest Grove, OR 97116
2418 Cedar CirForest GroveOR97116
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Property Description
Best Forest Grove duplex cap rate on the market, 6.06!!! Solid investment with this exceptional vintage-hip Mid Century duplex, presenting a rare investment opportunity. Zoned for a 4-plex, the existing garage areas offer the potential for two additional units, with one garage already converted into living space with its own bathroom. Very easy to make a Tri-plex and owner had an estimate for about $20,000 to make the 4th unit. HUGE UPSIDE, with seamless expansion without altering the foundation or roofline. A prime chance for investors to enhance cash flow, ideal for residing in one unit and leasing the other. Boasting parquet flooring and two fireplaces, this property is tailored for strategic investors seeking substantial returns. Excellent Forest Grove location, situated within a quiet confine of a cul-de-sac in a charming neighborhood and close to Pacific University.
Full Property Details
Full Property Details for 2418 Cedar Cir
General
- Sold For: $650,000
- Taxes: $5,608 (2023)
- Status: Sold
- Type: Multi-Family
- MLS ID: 24581375
- Added to Site: 150 day(s) ago
Rental Information
- Rent Includes: Water
Parking
- Parking Features: Assigned, Paved
Location
- County: Washington
- Driving Directions: Sunset Drive, East on 24th, North on Cedar to property
School Information
- Midd School District: Neil Armstrong
- Elementary School: Joseph Gale
- Middle School: Neil Armstrong
- High School: Forest Grove
Community
- Community Name: 152 - Hillsboro, Forest Grove
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard
- Heating Fuel: Electricity
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- Property Detached: Yes
- Basement Desc.: Crawl Space
- Year Built: 1968
- Property Condition: Existing
Lot Features
- Lot Size: 7, 000 to 9, 999 SqFt
- Frontage: Paved
- Lot Features: Corner Lot, Cul-de-sac, Level
Water Features
- Water Front: Yes
- Water Front Name: None
- Water Front Desc.: Other
Financial Considerations
- Operating Expenses: $10,109
- Tax Amount: $5,608.98
- Tax Year: 2023
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Property ID: R744485
Listed by Premiere Property Group, LLC (503) 670-9000, Jesse Dill (503) 969-3236
Sold by MORE Realty (503) 353-6673, Guadalupe Duran
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Schools
Schools serving 2418 Cedar Cir
School District:Forest Grove School District 15
Rating | Name | Grades | Distance |
---|---|---|---|
3130 18th Ave, Forest Grove, OR 97116 | K-4 | 1 mi | |
1255 Pacific Ave, Forest Grove, OR 97116 | 5-6 | 1 mi | |
1777 Mountain View Ln, Forest Grove, OR 97116 | 7-8 | 1.7 mi | |
1401 Nichols Ln, Forest Grove, OR 97116 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2418 Cedar Cir
Date
Details
Price
Change
Source
5/13/2024
Sold
$650,000
—
MLS
2/10/2024
Price Reduced
$650,000
-6.47%
MLS
1/19/2024
Listed
$695,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2418 Cedar Cir, Forest Grove, OR 97116 (MLS# 24581375) is a Multi-Family property that was sold at $650,000 on May 13, 2024. Want to learn more about 2418 Cedar Cir? Do you have questions about finding other Multi-Family real estate for sale in Forest Grove? You can browse all Forest Grove real estate or contact a Coldwell Banker agent to request more information.