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About This Home
This 3-bedroom, 1-bathroom single family at 2737 SE 115TH Ave in Portland, OR is listed for $875,000 ($711 per sqft). Built in 1942, the home offers 1,230 sqft of living space on a 0.53 acres lot.
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. Whether you're an experienced developer or a newcomer to the real estate scene, this property's pre-established groundwork, versatility make it a rare find. [Home Energy Score = 4. HES Report
Key Features
- Built in 1942
- 0.53 acre lot
Property Details
Monthly Cost Estimate
$4,680/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2737 SE 115TH Ave
Portland, OR 97266
Questions & Answers
This 3-bedroom, 1-bathroom single family at 2737 SE 115TH Ave is listed at $875,000 ($711/sqft). The estimated monthly payment is $3,792 based on 20% down at 6.5% interest.
Key features include: Built in 1942, 0.53 acre lot.
This property is listed by Nicole Richards and can be reached at 5038869156 or nicole@nextphaseinvesting.com.
