Active
2737 SE 115TH AVE
Portland OR, 97266
$1,195,000
$34.29 per sqft
Active
0.8 Acres
Land
Courtesy of eXp Realty, LLC
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!
23277729
MLSⓇ ID
September 12, 2023
Listed
September 7, 2024
Updated
Map
2737 SE 115TH AVE
Portland OR, 97266
Exterior/Building Features
Lot Size
0.8 Acres
School Information
High School
David Douglas
Elementary School
W Powellhurst
Other Property Details
Area Name
_143
Taxes
$191
Tax Frequency
Annually
Days on Market
361
Garage
No
View
No
County
Multnomah
Pool
No
Zoning
R5A
Listing Courtesy of eXp Realty, LLC, Nicole Richards. 503-886-9156
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This content last updated on 9/7/2024, 8:38 AM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available
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