2737 SE 115th AVE, Portland, OR 97266 - MLS#23346998

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Eric Dunphy

[email protected] +1(541) 207-4243

Listed by eXp Realty, LLC • 503-886-9156

$1,195,000

Est. payment - /mo

2 Beds

1 Bath

1,230 SqFt

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UPDATED:

10/29/2024 01:29 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,230 sqft

Price per Sqft $971

MLS Listing ID 23346998

Style Stories1

Bedrooms 2

Full Baths 1

Year Built 1948

Annual Tax Amount $4,240

Tax Year 2022

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! See Listing #23277729 [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10222321]

Location

State OR

County Multnomah

Area _143

Zoning RA5

Interior

Heating Wall Furnace

Fireplaces Number 1

Exterior

Garage Detached

Garage Spaces 2.0

Roof Type Composition

Parking Type Driveway, Off Street

Garage Yes

Building

Lot Description Level

Story 1

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools W Powellhurst

Middle Schools Ron Russell

High Schools David Douglas

Others

Senior Community No

Acceptable Financing Cash, Conventional, OwnerWillCarry

Listing Terms Cash, Conventional, OwnerWillCarry

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Regional Multiple Listing Service (RMLS)

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Eric Dunphy

+1(541) 207-4243

Agent | License ID: 201220494

Agent License ID: 201220494

2737 SE 115th AVE Portland, OR 97266

Eric Dunphy

Eric Dunphy

Key Details

Location

Interior

Exterior

Building

Schools

Others

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