Nearby Schools
WoodmereElementary School
LaneMiddle School
FranklinHigh School
Description
Excellent investment opportunity in SE Portland garden-style complex. Up-and-coming area with many amenities nearby. 8 units (all 2bd 1 bth) plus detached, oversized garage formally rented separately. North building recently rebuilt - 4 units completely renovated, new kitchens with quartz countertops, stainless appliances and hardwood cabinetry, new bathrooms + hardwood floors. New roof, new electrical and new plumbing. Renovation fully permitted. Onsite laundry room and private storage cages for all units and private back patios. Paved parking in front for up to 10 vehicles plus gravel area in rear accessible from adjacent street. Large .55 acre lot offers potential to develop more units (buyer to verify). Note: actual income is low due to vacancy during construction, projected rent based on current income and market rate for the one vacant unit and vacant garage. A compelling blend of stability with upside.
Location
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Listing Agent: Matthew Tackett Tackett
Listing Office: Premiere Property Group, LLC
