tomo logo

$1,800,000

Beds
6
sq ft
3,984

2705 SE Ash St, Portland, OR 97214

2705 SE Ash St

Portland, OR 97214

  • 93 days on market
Nestled in the heart of SE Portland, this three-story live-work unit offers remarkable living potential along with income-generating opportunities. Constructed in 2013, the building is equipped with modern amenities suitable for a variety of business uses, whether as office space, retail store, or service-based enterprises. Each commercial unit spans 2,400 square feet, featuring large windows that flood the space with natural light. The units share a mirrored floor plan, each with a kitchen that includes a dishwasher, microwave, and range, as well as mini-splits and two bathrooms. Two floors in each unit provide ample space for offices, while the open floor entry is perfect for welcoming customers or clients. The units currently rent for $3,193 and $3,375. Above these commercial spaces lies a stunning residence with striking architecture and high ceilings. Situated on the third floor, this unit offers privacy and city views. The open-concept living and dining area features a fireplace and floor-to-ceiling windows, seamlessly integrating with the space. The residence includes two bedrooms and two bathrooms, providing a relaxing living environment. The kitchen is outfitted with modern amenities, including a range, dishwasher, refrigerator, and a large window above the sink. A large covered balcony, accessed by beautiful sliding glass doors, offers extra outdoor dining and entertainment space. The unit also offers rooftop access to a green roof with breathtaking views. This residence, while an exceptional place to live, also serves as an income generator through Airbnb or short-term rentals, currently earning between $2,800 and $3,000 per month from part-time rentals.

Details

Property type

Lot size

Unknown

Price per sq ft

$452

Year built

2013

Annual property taxes

$14,011.98

Price History

08/21/2024
PortlandOR

PortlandOR #24293253

Listed
$1,800,000

Schools & Community

Neighborhood: 

Buckman

Elementary school: 

Sunnyside Env

Middle school: 

Sunnyside Env

High school: 

Franklin

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

Riverview Community Bank

Loan start date

December 2020

Original loan amount

$600,000

Est. remaining balance

Not provided

Interest rate

2.84%

Loan type

Commercial

Seller

Nobius 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?

Status: Active

Tomo last checked: 11/21/2024 at 5:45 PM

Listing updated: 10/08/2024 at 12:59 PM

Listed by: Jim McCartan, Cascade Hasson Sotheby's International Realty Phone #: (503) 228-9801

MLS: PortlandOR #24293253

PortlandOR logo

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