👑 No Banks Required – 2.37% Interest Rate Sub Too 👑
Down Payment: $47,000
Strong subject-to opportunity with no banks involved — take over the existing mortgage and step directly into a cash-flowing rental. With comps supporting $2,200 to $2,300 per month, this deal offers immediate income potential without new financing, making it ideal for investors looking to expand their portfolio.
Mortgage information:
Mortgage balance: $325,793
Interest rate: 2.375%
Principal pay down: $715.48
Monthly payment: $1869 PITI
Down payment: $47,000
Remodel: Turnkey, only needs cleaning and interior paint
Portland, OR 97233
2 beds | 1 baths | 952 sqft
Fresh interior and exterior paint, and an updated front door
Newer high-efficiency furnace & water heater
Updated windows and refinished hardwood floors
Roof replaced in 2007; gutters and shed in 2008–2009
Spacious living room with a fireplace and large picture window
Separate utility room with washer and dryer, plus extra storage
0.17-acre lot with a fenced yard, covered patio, tool shed, and garden area
Near shopping, dining, and major roads for easy commuting
Cash-flowing rental with comps supporting $2,200 to $2,300 per month
ARV Comps:
https://www.zillow.com/homedetails/12218-SE-Sherman-St-Portland-OR-97233/53830981_zpid
https://www.zillow.com/homedetails/140-NE-156th-Ave-Portland-OR-97230/53995243_zpid
https://www.zillow.com/homedetails/17037-NE-Glisan-St-Portland-OR-97230/53975391_zpid
Call for Walkthrough and Details!
Closing date: 3/10/2026 – Cash and hard money only, 10,000 EM deposit upon mutual acceptance. Buyer to pay closing costs.
Please contact us via DM or call if you have any other questions (503) 404-4532.
No transaction fee!
Cash or hard money only, price is net to seller, buyer pays all closing costs, property sold in as-is condition, buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Wholesale King does not allow for buyers to reassign or sell to a third party prior to close. Opinion of value and breakdown spreadsheet is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value, condition, remodel cost, and/or any costs or fees associated with selling or investing in this property. Members of selling entity are real estate licensee’s in the State of Oregon and Washington. Real Estate Licensee and/or associated brokerage are not acting in any role as real estate broker or as a brokerage of this transaction. No brokers are receiving compensation as part of this Agreement and are not representing any party.
