- ADDRESS:
- 1115 1117 N Beech ST Portland, OR 97227
- Price:
- $875,000
- Units:
- 2
- Unit 1:
-
3 Bed
1.0 Bath
$2,068/mo
Features: Air Conditioning, Deck, Storage, Washer/Dryer Hookup - Unit 2:
-
3 Bed
1.0 Bath
$2,010/mo
Features: Air Conditioning, Deck, Storage, Washer/Dryer Hookup - MLS#:
- 190351402
- Lot Size:
- 7,000 to 9,999 SqFt
- Type:
- Multi
- Zone:
- RM1
- Yr Built:
- 1909
- Taxe/yr:
- $3,016.39
- County:
- Multnomah
- Status:
- Active
- Levels:
- 3
- Heat:
- Ductless, Mini Split, WallHeater
- Nhood/Bldg:
- Boise
- View:
- City
- Elem:
- Boise-Eliot
- Middle:
- Harriet Tubman
- High:
- Jefferson
- Lot Desc:
- Corner Lot, Cul-de-sac, Level, Public Road
- Area:
- Portland North
- Courtesy of:
- Realty Works Group
- Remarks:
- POTENTIALLY TWO ASSETS: The duplex alone is valued at $650K-$700K. With current rents, the CAP RATE is over 6%! Split the lot & sell (valued at $250K-$300K) for instant equity conversion, or develop separately. This is a true TURN-KEY investment in the hot N Mississippi Neighborhood. Owner Occupant Buyers can enjoy the huge, private lot now & unlock the development opportunities later. Updated systems throughout are an owner/tenant win-win: Updated kitchens & baths, double-pane windows & efficient mini-split HVAC for heating and cooling = happy tenants year-round. Excellent rental history, and low-turnover for the last 20+ years. Each unit has 3 bedrooms + 1 bath. Exterior entry into the basement (w/ 7-ft ceilings) could be explored as TRIPLEX potential. 2 blocks west of a thriving, diverse commercial district, containing event spaces, shopping, dining and services. 2 blocks south of a Pedestrian Bridge that crosses into Overlook - MAX line, more parks, dining, etc. Easy access in all directions to parks, libraries, transit & freeways. 9 min drive to Downtown PDX. Currently a 9,000 SF corner lot with alley access = INCREDIBLE DEVELOPMENT POTENTIAL up to 9 UNITS! Check out Lot/Land listing #317438603. Builder's Packet available upon request. Buyer to do their due diligence. Tenant Occupied -- PLEASE DO NOT DISTURB.