Hot Buys and Old School

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I am a little bit of an “Old School” Agent. I still believe in the personal touch. I rarely show a home for sale that I have not personally viewed first.

To do this means that I am out daily viewing homes.  I not only preview homes that meet my clients needs I also am looking for homes that are ” Hot Buys ” and ” Fixer Uppers “.

While previewing a series of listings in North Portland for a few of my clients who are constantly looking for that next great College Rental property I came across this gem.

No listings found

At first blush I was prepared to discount it as just an OK house given that it was listed as a 2 bedroom even though at this price it still would be an Ok deal given the high rental rates of properties close to the University of Portland on the Bluff.

But I was intrigued and had to take a look. This home is a split entry and split entries tend to have bedrooms in the basement. As a College rental it also makes sense as the split entries often have a family room as well.

Sure as can be it did have that family room in the basement. It also has an attached room with a closet but no door. Ah that’s the reason for no door, it does not have a Window for that all important Ingress Egress for fire  safety.

Wow oh wow, after a quick check I see that this place has been reduced a couple of three times at $20k each. Not only that it looks as if they have just upgraded the appliances in the kitchen. They obviously didn’t realize that for a very modest amount they could easily add the window and the privacy door for mere fractions of pennies on the dollar over what they have discounted from. A pretty simple upgrade may make this into a nice 3 bedroom and today’s HOT BUY!

December 17, 2010 by : No Comments

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