2737 SE 115TH AVE Active Save Request In-Person Tour Request Virtual Tour
Portland,OR 97266
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 23277729
Annual Tax Amount $191
Tax Year 2023
Lot Size 0.800 Acres
Property 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!
Location
State OR
County Multnomah
Area _143
Zoning R5A
Exterior
Utilities Available ElectricityAvailable,NaturalGasAvailable,SewerConnected,WaterConnected
Schools
Elementary Schools W Powellhurst
Middle Schools Ron Russell
High Schools David Douglas
Others
Acceptable Financing Cash,Conventional,OwnerWillCarry,SellerEquityShare
Listing Terms Cash,Conventional,OwnerWillCarry,SellerEquityShare