8316 SE RAYMOND CT, Portland, OR 97266

Property Description

Multi-generational living or rental-income ready! The choice is yours! This adorable 1923 bungalow is paired with a brand new detached 1 bedroom, 1 bath ADU, potential rental or mother-in-law, and both are move-in ready. The cozy bungalow has a welcoming covered front porch that leads to a large, light-filled living room, with hardwood floors and a wood-burning fireplace. The big, old-fashion kitchen has plenty of room for a kitchen table with vinyl floors that lead to the oversized utility room, where you’ll find the washer and dryer hook-ups and new water heater. Both bedrooms have hardwood floors with plenty of light. Off the mudroom, yes the mudroom, the back door leads to the ADU and a fenced backyard. New roof in 2024. The fully permitted 1 bedroom/1 bath ADU has a modern, open design with 667 square feet. Everything is shiny and new like the stainless appliances and the LVP flooring. The bedroom has a large walk-in closet and a slider that leads to the back patio and private fenced area. Mini splits provide heat and AC. Projected rent is $1500/month, net income of $16,000/year. See Accessory Dwelling Unit supplement for more details. Lents offers a strong community with shopping and restaurants within walking distance. A transportation hub with Max and quick access to I-205, plus bicycle and pedestrian walking trails - a commuter's alternative. Lents Park is just blocks away and one of Portland's greatest community parks. Don't miss out on this great investment home!