$1,195,000
- Beds
- 2
- Baths
- 1.0
- sq ft
- 1,230
2737 SE 115th Ave, Portland, OR 97266
2737 SE 115th Ave
Portland, OR 97266
- 389 days on market
- Price drop $205,000↓
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]
Details
Property type
Single Family Residence
Lot size
0.8 acres
Price per sq ft
$972
Year built
1948
Annual property taxes
$4,240.91
Price History
09/10/2024
PortlandOR #23346998
Listed
$1,195,000
09/10/2024
PortlandOR #23346998
Removed
$1,195,000
06/25/2024
PortlandOR #23346998
Listed
$1,195,000
Schools & Community
Neighborhood:
Powellhurst Gilbert
Elementary school:
W Powellhurst
Middle school:
Ron Russell
High school:
David Douglas
Status: Active
Tomo last checked: 10/06/2024 at 1:20 AM
Listing updated: 10/06/2024 at 1:10 AM
Listed by: Nicole Richards, eXp Realty, LLC Phone #: (888) 814-9613
MLS: PortlandOR #23346998
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