tomo logo

$1,249,000

Beds
3
Baths
2.0
sq ft
2,903

1448 NE 28th Ave, Portland, OR 97232

1448 NE 28th Ave

Portland, OR 97232

  • 177 days on market
    • Price drop $150,900↓
**Rare Mixed-Use Commercial Building located in the heart of Sullivans Gulch** Completely Restored from the studs! CM1 Zoning. Commercial portion downstairs (Zoned "M" for Mercantile/Retail). Currently Leased on Gross modified Lease. Residential portion (Zoned R3) located upstairs also completely renovated. New Grease trap installed in downstairs, New Garage doors, New closed cell insulation throughout commercial walls, TESLA charging ports in Driveway. Would make great coffee shop, bar, or restaurant or even office space! Plumbed for cat6, New Electrical thought, New Plumbing, New Siding, New HVAC, & Central Air, New reclaimed hardwood, New windows, New Doors, And anything else you can think of. (2) 220 amp plugs in drive way. Hot/Cold outside water. Upstairs completely remodeled. Can be used for Airbnb. Or building can be used a Work Live Space. Updaters has large 220 square ft Balcony. New Exterior lighting and Brick. Photos of the entire process taken of Renovation. No corners cut. Bike Score: 97Walk Sore: 95Transportation Score:60Distance to airport: 6.6 milesDistance to Rose Quarter: 2 milesDistance to Downtown PDX: 4.8 miles

Details

Property type

Single Family Residence

Property condition

Updated/Remodeled

Lot size

2,178 sq ft

Price per sq ft

$431

Year built

1909

Annual property taxes

$3,014.48

Price History

07/29/2024
PortlandOR

PortlandOR #24543598

Price change
$1,249,000
-16.73%
04/12/2024
PortlandOR

PortlandOR #23439765

Removed
$1,500,000
+7.15%
04/12/2024
PortlandOR

PortlandOR #24543598

Listed
$1,399,900
-6.67%

Schools & Community

Neighborhood: 

Sullivan's Gulch

Elementary school: 

Beverly Cleary

Middle school: 

Beverly Cleary

High school: 

Grant

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Citizens Bank & Trust Co

Loan start date

March 2023

Original loan amount

$195,500

Est. remaining balance

Not provided

Interest rate

6.33%

Loan type

Credit Line (Revolving), 5 year

Seller

1448 28Th Ave Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 10/05/2024 at 7:15 PM

Listing updated: 09/22/2024 at 1:07 AM

Listed by: Santino Filipelli, Modern Realty Phone #: (971) 340-6636

MLS: PortlandOR #24543598

PortlandOR logo

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