By Alyssa Isenstein Krueger, September 29, 2023
By Alyssa Isenstein Krueger, September 29, 2023
Alberta Ranch with Detached ADU$625,000 |
5246 NE 26th Ave., Portland, OR 97211Main House: 2 bed | 1 bath | 741 sq. ft. ADU: 1 bed | 1 bath | 440 sq. ft. MLS# 23123902 | Taxes: $4,398 | Year Built: 1951 |
Dialed-in 2 bedroom 1 bath mid-century compact ranch right off Alberta with a gorgeous detached income producing ADU! The house has been redone to create an open floor plan that’s both stylish and cozy, and with south and west facing windows natural light is an abundance. The kitchen and bathroom are classically updated in a timeless style. The primary bedroom is roomy and the hall has both a hall closet and built-ins to maximize storage. A utility room off the back of the house and a nicely built shed offer more storage. For only 740sf, this house lives large! The detached ADU studio with a private entrance offers lucrative passive income through short term rental opportunities in one of Portland’s most popular neighborhoods for visitors. In 2022, sellers rented it out only 190 days on AirBnB and made $23,535. In 2023, sellers only rented it out 31 days and made $3787. Theoretically a buyer could rent out the ADU for most of the year and easily clear $35,000. With cork floors and nice finishes, The ADU feels airy and warm with an open plan, and for more privacy, the sleeping area can be curtained off from the main living area. Sellers have run a successful AirBnB short term rental that books quickly and is highly rated for the space and location. Income from the ADU can help a buyer qualify for a higher mortgage amount and off set the whole mortgage payment. With a fold-out couch and a queen size bed, the ADU easily sleeps 4 people. A pull-down ladder leads to a large storage space in the ADU attic. The large patio in front of the ADU is perfect for four season outdoor hang outs and the rest of the yard is roomy and fenced for all sorts of backyard fun. The laundry is shared by both units and is accessible from the patio in front of the ADU. |