*BOM due to no fault of seller or property* Unlock the possibilities with this unique property offering both immediate income and future development potential. Zoned HDR and includes two entitled lots ready for completion. This is an exceptional opportunity for investors, developers, or buyers looking to gain a competitive advantage in today's real estate market. The home has been extensively remodeled over the past two years, featuring a new furnace, air conditioning system, updated paint, modern fixtures, and newer appliances-providing a move-in-ready residence with major improvements already completed. Currently operating as a successful Airbnb, cash-flow report available upon request. This property is offering immediate cash-flow potential while you plan your next steps. For buyers who choose not to develop the additional lots, the property offers an oversized yard with ample space for RV and boat parking, a detached garage, and endless opportunities to create your ideal outdoor retreat. An ADU may be an option (buyer to perform due diligence), adding even more flexibility and long-term value. Whether you're looking to finish the entitled lots and capitalize on development opportunities, expand your rental portfolio, or simply enjoy the benefits of a beautifully updated home with room to grow, this property presents a rare opportunity to build equity and maximize return on investment. **Don't miss your chance to own a property that combines current income, future development potential, and exceptional versatility. **Construction packet available upon request.
| MLS # | 631510630 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1970 |
| Days On Site | 102 |
| Listing Provided By | Equity Oregon Real Estate | Jessica Balfour |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,500 |
| Garage | 1 |
| Car Port | Yes |
| Basement | Y |
| Story(s) | 2 |
| Zoning | HDR |
| Acreage | 0.36 |
| Heating | Forced Air |
|---|---|
| Heating Yn | Yes |
| Cooling | Central Air |
| Cooling Yn | Yes |
| Interior Features | Ceiling Fan |
| Appliances | Builtin Oven, Builtin Range, Dishwasher, Disposal, Double Oven, Pantry, Stainless Steel Appliance |
| Exterior Features | Covered Deck, Deck, RVParking, RVBoat Storage |
|---|---|
| Foundation Details | Concrete Perimeter |
| Attached Garage Yn | No |
|---|---|
| Parking Features | Carport, RVAccess Parking |
| Property | 4705 |
|---|
| State | OR |
|---|---|
| County | Washington |
| City | Sherwood |
| Zip Code | 97140 |
| School District | Sherwood |
| Elementary School | Ridges |
| High School | Sherwood |
| Listing VS Median (in 97140) | |
Price: $629,000 low | high Med: $687,475 sqft: 1,500 low | high Med: 2,466 $ / sqft: $419 low | high Med: $279 On site: 102 low | high Med: 55.5 | |
| State | OR |
|---|---|
| County | Washington |
| City | Sherwood |
| Zip Code | 97140 |
| School District | Sherwood |
| Elementary School | Ridges |
| High School | Sherwood |
| Listing VS Median (in 97140) | |
Price: $629,000 low | high Med: $687,475 sqft: 1,500 low | high Med: 2,466 $ / sqft: $419 low | high Med: $279 On site: 102 low | high Med: 55.5 | |