NEW! Buy and sell safely with virtual options - Learn More
About the Listing RWGR01 - SHIFFLER
Zoning allows for up to *9 units*! There are TWO POTENTIAL ASSETS HERE: The duplex alone is valued at $650K-$700K. With current rents, the CAP RATE is over 6%! Split the lot & sell (valued at $250K-$350K, depending on size and configuration) 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.
Listing Highlights for 1115 1117 N Beech St
Status
Active
Days on Site
74
Property Type
Multi-Family
MLS ®
190351402
Year Built
1909
Total Square Footage
3,146
Lot/Acreage
100x90
County
Multnomah
Neighborhood
Boise
Area
141 - Portland North
Elementary School
Boise-Eliot
Middle School
Harriet Tubman
High School
Jefferson
Interior Details
- Bedrooms: 6
- Bathrooms: 2 Full
- Appliances:
- Air Cond: MiniSplit
- Heating: Ductless,Mini Split,WallHeater
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full Basement
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Corner Lot,Cul-de-sac,Level,Public Road
- Garage Capacity: N/A
- Lot Dimensions: 100x90
- Zoning: RM1
- Roof: Composition
- Others: Updated/Remodeled
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $3,016
- Taxes w/Assessments: N/A
- Tax/Property ID: R223729
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
1115 1117 N Beech St Portland, OR 97227
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
