$1,195,000
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2737 Se 115 Th Ave is a $1,195,000 property on a 0.80 acre lot located in Portland, OR.
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!
Interior Features | Sewer Connected Water Connected Electricity Available Natural Gas Available |
Exterior Features | Paved Residence To Be Torn Down Existing Structures - Yes |
Land Type | Level |
Brokerage Name | eXp Realty, LLC |
Brokerage Contact | 503-886-9156 |
Property Type | Land |
Property Sub Type | Multi Family |
Style | Residential |
HOA Fee | $0.00 |
Taxes | $191.00 |
County | multnomah |
Elementary School | w powellhurst |
Middle School | ron russell |
High School | david douglas |
Financial Terms | Cash Conventional Owner Will Carry Seller Equity Share |
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