Home Details for 8247 S Ada Street

Jumbo octagon 2-flat in red-hot Auburn Gresham featuring 3 large bedrooms and 1 bathroom in each unit. The second-floor unit is vacant and rent-ready with fresh paint, refinished hardwood floors, new carpet, and a refreshed bathroom. The first-floor unit is occupied by long-term MTM tenants paying $1,400 per month. The basement is fully finished with two rooms, a living room, and a full bathroom, and has been rehabbed with vinyl flooring and an updated bath. Major updates include copper plumbing, 3 newer furnaces & water heaters, newer windows & roof, along with extensive exterior tuckpointing including a rebuilt parapet wall and chimney. A 2-car brick garage adds further value. With so many improvements already complete, this property offers extreme upside potential and is priced well below market due to an active building violation for unpermitted basement construction completed over 50 years ago. The easiest path to resolve the violation is to "deconvert" the basement to storage by removing the kitchen and doors from the rooms. This would still require "as built" architectural plans and post-construction permits, but the process is straightforward for an experienced buyer with the proper resources. Sold As-Is. Buyer to take on building violation(s).

• Parking

  • Off Site
  • Detached
  • Garage

• Basement

  • Finished
  • Full

• Heating Information

  • Natural Gas