Bought with Keller Williams Realty Professionals
$165,000
$175,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
1 Bath
394 SqFt
SOLD DATE : 08/09/2023
Key Details
Sold Price $165,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 394 sqft
Price per Sqft $418
Subdivision The Empress
MLS Listing ID 23633201
Sold Date 08/09/23
Style Studio
Full Baths 1
Condo Fees $455
HOA Fees $455/mo
HOA Y/N Yes
Year Built 1927
Annual Tax Amount $2,700
Tax Year 2022
Property Description
Uncover a piece of history nestled in the heart of Portland's vibrant Pearl District. This charming, second-floor studio at the Empress Condominiums is an urbanite's dream. Sunlit & serene, the 394 sq. ft. home boasts original hardwood floors & vintage tiling. The full-size stacked washer & dryer, storage unit, & bike storage add to its practical appeal. Picture yourself gazing at the stunning West Hills from your window, as the city bustles below. With a walk score of 99, your doorstep opens to NW23rd, Downtown, iconic Powell's books, PSU, & gourmet groceries at Whole Foods. Savvy investors will recognize the possible 8% cap rate (similar unit in complex achieved) & the absence of a rental cap, making this an enticing investment. A charming abode or lucrative pied-à-terre, this studio is a golden opportunity in Portland's real estate market. This complex has been Seismically retrofitted! Many 100 year old complexes in Portland have not.
Location
State OR
County Multnomah
Area _148
Rooms
Basement Storage Space
Interior
Interior Features Hardwood Floors, Laundry, Soaking Tub, Washer Dryer
Heating Zoned
Cooling None
Appliance Builtin Oven, Cooktop, Free Standing Refrigerator, Tile
Exterior
Exterior Feature Smart Lock
View Y/N true
View Mountain, Seasonal, Trees Woods
Roof Type Other
Parking Type On Street
Garage No
Building
Lot Description On Busline
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
New Construction No
Schools
Elementary Schools Chapman
Middle Schools West Sylvan
High Schools Lincoln
Others
Senior Community No
Acceptable Financing Cash, Conventional, VALoan
Listing Terms Cash, Conventional, VALoan
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