Property Map
Street View
Listing courtesy of eXp Realty, LLC.
Description
An extraordinary development opportunity awaits at 2737 SE 115th Ave, Portland, OR! Combination of two tax lots. Currently, only one structure stands, offering the choice to either demolish or maintain for rental income, generating $1,800 per month on a flexible month-to-month lease. You have the option to retain the tenant, securing income while finalizing permits or begin fresh with your vision. Seller can deliver the property vacant if requested. What sets this property apart is the substantial groundwork that’s already been completed, saving you valuable time and financial resources. However, the potential doesn’t stop there; this property offers more than one avenue for development, with possibilities ranging from 16 to 36 units. Location is key, and this property enjoys a prime position close to Division Street and the Trimet Bus line, ensuring accessibility and convenience. Moreover, the area has seen a surge in new residential infill projects, highlighting its desirability and growth potential. Buyers are encouraged to conduct their due diligence, exploring the many opportunities this property offers. To sweeten the deal, the seller is open to Joint Ventures or offering Seller Carry Terms with an adequate down payment. Whether you’re an experienced developer or a newcomer to the real estate scene, this property’s pre-established groundwork, versatility, and flexible terms make it a rare find. Seize the chance to shape your vision into reality! See Listing #23277729 [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10222321]
Property Details and Features
Property Access
- Road Surface Type: Paved
Bathrooms
- 1 total bath
- 1 full bathroom
- 1 total main level bath
- 1 main level full bath
Bedrooms
- 2 total bedrooms
Building
- Architectural Style: Stories1
- Building Area Calculated: 1230
- Building Area Description: Trio
- Building Area Total: 1230
- Built in 1948
- Main Level Area Total: 984
- RV Description: RVParking
- Stories: 1
- Upper Level Area Total: 246
Disclosures
- Disclosures: Disclosure
Exterior Features
- Exterior Description: LapSiding
Fireplaces
- Fireplace Included
- Fireplaces Total: 1
Garage
- Garage Spaces: 2
- Garage Type: Detached
Heating
- Heating Available
- Heating: WallFurnace
Listing
- Contract Status Change Date: 2023-09-13
- Days On Market: 375
- Last Transaction Date: 2024-08-27 14:23:54
- List Price: $1,195,000
- Listing Contract Date: 2023-09-13
- Listing Id: 23346998
- Mls Status: Active
- Modification Timestamp: 2024-09-22 01:05:02
- On Market Date: 2023-09-13
- Previous List Price: $1,400,000
- Rent Amount: $1,800
- Standard Status: Active
Location
- MLS Area Major: _143
- County Or Parish: Multnomah
Lot
- Features: Level
- Size Acres: 0.8
- Size Range: SqFt20000toAcres1
- Size Square Feet: 34,848
- Size: 20,000 SqFt to .99 Acres
Energy Saving
- Green Certification
Parking
- Features: Driveway,OffStreet
- 2 total parking spots
Possession
- Possession: CloseOfEscrow
Property
- Property Condition: Unknown
- Property Sub Type: SingleFamilyResidence
- Zoning: RA5
Roof
- Roof: Composition
Schools
- High School: David Douglas
- Middle Or Junior School: Ron Russell
- Elementary School: W Powellhurst
- Second Elementary School: Other
Sewer
- Sewer: PublicSewer
Taxes
- Annual Amount: $4,241
- Legal Description
- Tax Year: 2022
Utilities
- Fuel Description: Electricity
- Water Source: PublicWater
Request More Info
Schedule a Showing
This content last updated on September 22, 2024 14:46. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.