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2737 SE 115TH Ave

Portland, OR 97266
  • $1,195,000
  • STATUS: Active
  • ON SITE: 222 Days
  • MLS #: 23277729
$1,195,000
  • 0
    BEDS
  • 0.8
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Information

Elementary School:
Middle School:
High School:

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!

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Listing content is copyright © 2024 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Keller Williams Realty Portland Central are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2024-04-19T09:31:08.087.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Keller Williams Realty Portland Central and should be independently verified.
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2737 SE 115TH Ave Portland, OR 97266

  • Price: $1,195,000
  • Status: Active
  • On Site: 222 Days
  • MLS #: 23277729
0
Beds
0
Baths
0
½ Baths
0.8
Acres
Neighborhood:
143-Portland Southeast
County:
Multnomah
Area:
143-Portland Southeast
Elementary School:
W Powellhurst
Middle School:
Ron Russell
High School:
David Douglas
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!
Exterior Features

Attached Garage YN No Existing Structures YN Yes Land Description Level Other Structures Residence To Be Torn Down Road Surface Type Paved View YN No

Interior Features

Cooling YN No Heating YN No

Property Features

Association YN No Availability Sale Bank Owned YN No Current Use Residential Green Certification YN No IDXAddress Display YN Yes Listing Terms Cash Conventional Owner Will Carry Seller Equity Share Property Attached YN No Property Sub Type Multi Family Short Sale YN No Tax Annual Amount 181.3 Tax Year 2022 Utilities Electricity Available Natural Gas Available Sewer Connected Water Connected Zoning R5 A

Listing provided courtesy of eXp Realty, LLC: 503-886-9156.


Listing content is copyright © 2024 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Keller Williams Realty Portland Central are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2024-04-19T09:31:08.087.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Keller Williams Realty Portland Central and should be independently verified.
 
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Keller Williams Realty Portland Central
919 NE 19th Ave
Portland OR, 97220