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Listed by Keller Williams Realty Portland Premiere
$449,000
Est. payment /mo
0.28 Acres Lot
UPDATED:
12/22/2024 09:29 AM
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 24517899
Year Built 1945
Annual Tax Amount $5,155
Tax Year 2024
Lot Size 0.280 Acres
Property Description
Prime investment opportunity with unbeatable location and versatility for commercial or multifamily development. This property offers immediate income potential—live in or lease out the charming existing home while navigating the approval process for future development. Its positioning promises solid appreciation potential, making it ideal for savvy investors seeking long-term growth in a high-demand area. Sellers offering RATE BUYDOWN with an acceptable offer. Hop, skip & a jump to all things Montavilla with updated kitchen, newer vinyl windows & newer roof. Move in to this Montavilla gem on large, dividable lot near multiple freeways, both Mall 205 and Montavilla shops, restaurants, movie theatre and more. Near Mount Tabor Park trails, dog park, playground, volleyball, basketball and tennis courts, and home of the infamous Adult Soapbox Derby held annually in August. Updated kitchen with granite countertops, new cabinetry, newer appliances, and tile floor open to dining with granite buffet and matching cabinetry, and living room with true hardwood floors under vinyl flooring and wood burning fireplace. Two main level bedrooms plus a 3rd bedroom or bonus on upper level. A full basement with family room and/or entertainment space with bar, laundry, washer & dryer, and tons of storage are needed. Main level access to covered deck, newer hot tub, and huge, fenced backyard with tool shed. Two separate detached garages and RV parking. Newer mechanicals. Buyer to complete due diligence with the city for the desired use/development.
Location
State OR
County Multnomah
Area _143
Zoning CM2
Interior
Heating Forced Air
Cooling Central Air
Exterior
Roof Type Composition
Garage No
Building
Sewer Public Sewer
Water Public Water
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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