Blog Stories Closing: Chapter Two of Building a Real Estate Empire for Ferdinand

Closing: Chapter Two of Building a Real Estate Empire for Ferdinand

By Marissa Sainz, June 18, 2021

I’ve had the pleasure of working with several repeat clients this season, and it’s made for a great summer so far! Welcome to chapter two of Building a Real Estate Empire for Ferdinand. This year, Asher and Marlena approached me, ready to purchase their second duplex. After placing offers on properties in Newberg, Gresham, and Beaverton, their offer on the home in Gresham was accepted! This solid Gresham duplex is the newest addition to their real estate portfolio with the intent of building a strong financial future for their son Ferdinand.
We spent a lot of time at the property preparing for the updates that would need to be done to make the home a highly rentable space.  Asher plans to update the windows and main level bathroom in the larger unit.  We also had to deal with some unknowns with unpermitted work in the lower-level bathroom.  After a few visits with contractors and plumbers, Asher has a plan in place to get everything up to code.
This time around Ferdinand is old enough to help with some of the planning work:).  I love being a part of the process of deciding which projects are needed right now and which can wait to maximize rental income.  As a bonus, the home came with solar panels, which Asher and Marlena were stoked on. Congratulations on this killer duplex and the solid investment!  Thank you for trusting me with your purchase, and I know we’ll be seeing each other down the road again!

 
 

Listing Details: Opportunity awaits at this well-cared-for duplex just blocks from downtown Gresham. Income-producing 2/1 unit on one side & 3/2 vacant unit on the other. Both units come with an attached oversized garage & the vacant side has an updated primary bed/bath on the lower level. Located on a corner lot with plenty of outdoor space, multiple producing fruit trees, raised beds & owned solar panels that come with the property. This is the dreamy duplex you have been waiting for!

 

Address: 210 220 SE 2nd St, Gresham, OR 97080
Listing Price: $499,000
Bedrooms: 5
Bathrooms:  3
Sq. Ft: 2,792
RMLS: 21518707

 
 

Are you looking to buy or sell in the Portland area? Get in touch! Your home is out there, waiting for you!

Marissa Sainz

Broker | Earth Advantage | OR

She/Her

Whether you want to live in a hip Pearl District condo or a unique east side bungalow I am here to help you find the perfect home. The Pearl District and the close in surrounding neighborhoods are exciting and evolving areas and where I focus my business. It is important in our changing real estate world, where location is so vital to home buyers, to work with a neighborhood expert. We all want to live near our local grocery store and within walking distance of our favorite coffee spot, restaurants and parks. I am here to guide buyers and sellers through the process every step of the way, if you are a first time home buyer searching for the perfect starter home or looking to move as your family and lifestyle change. Marissa earned a degree in finance with a concentration in real estate from The University of Texas at Austin. Before coming to residential real estate in Portland Marissa worked for both a national and local commercial real estate firm. Around town Marissa is involved with the Women in Insurance and Financial Services Portland chapter as well as the Women's Council of REALTORS®.
Read More
  • T: 512-736-6111
  • marissa@livingroomre.com

You might also enjoy

Just Sold: New Construction for First time Buyers!

Yascha Noonberg

4872 Flight AVE NE Salem, OR 97305 Another great home built by Forrest Ridge Homes! The...

Just Sold: Mid-Century Masterpiece

Yascha Noonberg

3620 NE LIBERTY ST Portland, OR 97211 A Mid-Century Masterpiece. A Usonian Unicorn in Coveted Concordia....

REAL ESTATE NEWS: ARCHITECTURAL STYLES IN PORTLAND

Aryne + Dulcinea

 ARCHITECTURAL STYLES IN PORTLAND   Portland homes definitely have style! Whenever we host an open house...

Just Listed: Investment Propertunity at the Royal Arms!

Marissa Sainz

Charming studio with strong mid term rental history. This darling studio includes a built-in murphy bed...