1115 1117 N Beech St #13, Portland, OR 97227

$25,000 PRICE DROP -- Sellers' AS-IS pricing. 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 … read more …