Listing Courtesy of: 503-886-9156 - Nicole Richards - eXp Realty, LLC
888-814-9613
$1,195,000
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2737 SE 115th Ave Portland, OR 97266
Single Family
Residence
2
Beds
1
Baths
...
Bed/Bath
1,230
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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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 op...tion 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]
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MLS#
23346998
Property Type
Single Family
Status
Bedrooms
2
Bathrooms
Year Built
1948
Square Feet
1,230
sq. ft
Lot Size
0.8
Sewer
Public Sewer Available
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