2 Homes: Multi Generational Family, Income producing property.

MLS #:20393670
16570 Inverurie Rd
Lake Oswego, OR 97035 
1031 Exchange
Bedrooms: 5
Bathrooms: 4
Year Built: 1948
Square Feet: 3,218
Min. Down: N/A
Lot Size: 1/2 acre
Garage/Parking: 1
HOA Fees: N/A
Floors: 3
Property Type: Single Family (Detached)
Sale Type:None
Subdivision: Lake Grove

Presented By:

Nicole Weber

Phone: (503) 516-2219
Alt: (503) 329-7621
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Property Details

Description:

For sale by owner, courtesy to realtors For more information and pictures, please visit: https://bit.ly/3ktTAb2 Plenty of guaranteed revenue options or enjoy as a family or multi generational family! This is a very unique property. 1/2 acre in Lake Oswego, lake easement/access at the Lake Grove swim park. There are 2 homes on the property...plus the lot can be split and another home built. This could be a great investment property...so many options! Currently, we run a very successful Airbnb business, doing nightly rentals in both homes. Everything is dialed in with the business including the house manager/cleaner/handyman/gardener, website, and marketing. The business generates around 80K in gross revenue a year. If you want to continue running the Airbnb, we can discuss the business, including the furniture, housewares, etc. All furniture/housewares are for sale. Prior to running the Airbnb/doing rentals, my husband and I really enjoyed living in the big house, and running our advertising agency out of the cottage. You may decide to live in one home and rent/Airbnb the 2nd home or use it for a mother in law home. We have had great success doing long term rentals in both homes as well. So many options for generating income, or just having a fantastic family home in a wonderful neighborhood! In addition, the lot can be split and a new home built. New homes in the area sell for $950K+ This is a very desirable area with some of the best schools in the state. It is on a quiet dead-end street, close to 1-5, wonderful grocery stores, restaurants, malls, the lake, the Tualatin River plus shops in Lake Grove and Lake Oswego. Several new homes have been built in the neighborhood over the past few years. The Main house was built in 1948 Main house specs: Square footage: 2718 (main house) per home inspector in 2016 4 bedroom, 3 baths hardwood floors throughout the main level 3 level home Main floor: two bedrooms on the main floor, one bedroom has ensuite Upstairs: large master with ensuite, double closets, double sinks, shower. Plus a sep office or reading area. Plenty of storage upstairs in the attic spaces. Basement floor: full-size basement with game room/wet bar, laundry room, lots of storage, and one bedroom with two walk-in closets/storage areas Oversized single car garage with storage loft Wood 8x8 shed Kitchen: gas range, tile countertops, double electric ovens, microwave, tons of storage Gas forced air heat new roof in 2018 Commercial grade large capacity water heater LED lighting throughout RV 50 amp hook up and space for a 40-45 foot RV and tow car Property taxes: $4972 The Cottage Specs: The cottage was built in the early 90's 500 sq feet One bedroom, one bath with attic storage space Full kitchen, dining area, desk/office area, and living area, and a wood-burning stove. Plus a private deck The Lot/parking: 1/2 acre park-like setting lot There is a lot of parking in the driveway, along the front of the house as well as a very long driveway on the side of the lot where we parked a 40 foot RV and a tow car for a while. As mentioned above the lot can be split. The homes are on septic (sewer is at both ends of the street and on Bonaire Street behind the lot.) However, if you don't want to run the sewer down the street, we had a septic company come out and they said there is room for another septic system. The lawn/landscaping is pretty low maintenance right now since we are running the Airbnb. We have a company come out 2x a month to mow/blow and trim up the plants. However, when we lived in the house, we had grass and a lot of plants/flowers around the house. There are 21 old growth douglas fir trees on the lot, they produce a lot of wonderful shade plus attract birds and native squirrels.

Features

Property Features:

  • Stove
  • Microwave
  • Dishwasher
  • Refrigerator
  • Washer
  • Dryer
  • Laundry Gas Hookup
  • Laundry Electric Hookup
  • Original Features
  • Carpet
  • Ceramic Tile
  • Hardwood
  • Forced Air
  • Other Air Conditioning
  • Central Heating
  • Fireplace
  • Renovated
  • Smoke Alarms
  • Smoke Free
  • Garden
  • Porch
  • Deck
  • Garage (Attached)
  • Attached Parking
  • RV Parking
  • Dining Room
  • Living Room
  • Family Room/Great Room
  • Media Room/Home Theatre
  • Attic
  • Basement
  • Laundry Room
  • Cellar
  • Bonus Room
  • Master Suite/Retreat
  • Main Floor Bathroom
  • Main Floor Bedroom
  • Furnished
  • Gardener
  • Character
  • Stylish

Lot Features:

  • Lot: Level
  • Lot: Private
  • Lot: Wooded
  • Oversized
  • Garden View

Community Features:

  • Close Distance to Town/Shopping
  • Within 5 Miles from Park
  • Within 5 Miles from Fitness Center
  • Within 5 Miles from Town/City/Shopping
  • Community Water/Lake/River Access

Additional Features:

  • Agent Commission Available
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