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About the Listing RWGR01 - SHIFFLER
9,000 SF corner lot with RM1 Zoning means up to 9 TOTAL UNITS on the property! Potentially TWO ASSETS here: Dividable LOT valued at $250K-$350K (depending on size & configuration) & existing, well-maintained DUPLEX valued at $650K-$700K. Split & sell for instant equity capture! Duplex has a CAP RATE of 6 with current rents, after dividing lot. Likely even higher with market-rate rents. Ask about the City's NEW SDCs WAIVER! Exterior basement entry & 7-ft ceilings could be explored as TRIPLEX potential, maximizing your FAR. Duplex rental income may cover holding costs while planning, permitting, and constructing. Duplex is perfectly positioned on the far SW corner of the land -- multiple lot line configurations possible. Alley access creates ease for construction. Buyer to do their due diligence, of course. Builder's Packet available upon request. Dead-end street increases the appeal to resale buyers and/or tenants (very low-traffic). Only 2 blocks to a thriving commercial district, containing event spaces, shopping, dining and services. Easy access to parks, libraries, transit & freeways, too. Pedestrian bridge 2 blocks away crosses to Overlook - MAX line, more parks, dining, etc. Tenant Occupied -- Agent accompanied appointments only! PLEASE DO NOT DISTURB.
Listing Highlights for 1115 1117 N Beech St Unit 13
Status
Active
Days on Site
61
Property Type
Vacant Land
MLS ®
317438603
Year Built
Total Square Footage
0
Lot/Acreage
0.21
County
Multnomah
Area
141 - Portland North
Elementary School
Boise-Eliot
Middle School
Harriet Tubman
High School
Jefferson
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Level,Corner Lot
- Garage Capacity: N/A
- Lot Dimensions: 90x100
- Zoning: RM1
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $3,016
- Taxes w/Assessments: N/A
- Tax/Property ID: R223729
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Years
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Listing Location
Questions About..
1115 1117 N Beech St Unit 13 Portland, OR 97227
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