Blog Stories Cully Duplex Builds Equity for Owner-Occupants

Cully Duplex Builds Equity for Owner-Occupants

By Teri Toombs, February 27, 2018

Do what my clients did. They started off their home ownership journey by purchasing a duplex where they could live in one side and rent out the other. They built equity x2. This is a hard to achieve dream scenario, because there is so much competition for a plex property, but these buyers did it.

After a few years of living here, they are ready to move on to house #2. This Cully duplex has been an amazing springboard for their next move.

5206 & 5208 NE 60th – RMLS #18041539 – listed at $569,900 – sale pending in less than a week.

Ready for your first home/plex? Give me a call! I have another plex coming this spring in the Mississippi district!

 

Teri Toombs

Principal Broker, ADU Specialist

Teri Toombs was born and raised in Portland’s east side. She has spent her life intrigued by the idea of “shelter”, influenced by her time at University of Oregon Architecture School. From a cabin in the woods to the urban forest in Ladd’s Addition, Teri has experienced many different configurations of home. She is a close-in east side specialist who has ample experience selling in many Portland metro area neighborhoods. With over 10 years experience as a Realtor, Teri built her business by touring homes extensively and keeping on top of emerging trends in the market. She knows the neighborhoods inside and out and enjoys sharing this knowledge with clients. Focused and diligent, Teri ensures all details are covered in a purchase or sale.  Teri takes her role as client advocate seriously and works to make home buying and selling smooth and stress-free.  She empowers her clients by connecting them with the tools they need to build their nest. Teri is proud to be a Principal Broker at Living Room Realty, a locally-owned, community-based, green business.  She is a Certified Residential Investment Specialist (CRIS) and has Earth Advantage certification and is a board member of the Portland Housing Center. Teri enjoys life with friends, family, gardening, travel and art. She loves sharing her home with her partner Perci and their dogs Scarlett and Devo.
Read More
  • T: 503-522-1691
  • F: 503-961-8224
  • ttoombs@livingroomre.com

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