Bought with Ianos Realty
$700,000
$698,000
0.3%For more information regarding the value of a property, please contact us for a free consultation.
1,600 SqFt
SOLD DATE : 05/30/2024
Key Details
Sold Price $700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,600 sqft
Price per Sqft $437
Subdivision Richmond South Tabor
MLS Listing ID 23347982
Sold Date 05/30/24
Year Built 1915
Annual Tax Amount $2,399
Tax Year 2022
Property Description
PRICE IMPROVEMENT+ NEW Food Truck Income!This rare mixed-used multi unit commercial residential property is on an ample sized 59' by 100' corner lot zoned CR in the desirable Richmond / South Tabor 3 or more income streams . It is directly on the Clinton/Woodward Greenway bike route next to Franklin High School in a friendly, tight knit tree-lined residential neighborhood. Only a short walk to parks and nearby Division and Powell restaurant and shopping. The front commercial unit is a charming renovated retail space (rented) with a 30'L x 7'6"H glass window store frontage and half bath, great for any retail, professional office or food services. The location has good flow of both vehicle and foot traffic. It also comes with a 500+ sq/ft basement storage space with both interior and exterior access. The recently vacated residential unit consists of 2 bedrooms, living and dining rooms, full bath, in-unit washer/dryer and storage space throughout. The covered patio is perfect for hosting a cookout in any weather, and connects to the spacious upper back yard. A newly renovated coffee window or office studio opens to the expansive lower side yard now hosting a food cart for additional income stream. Don't miss the great redevelopment opportunity associated with this property. It's zoned CR 1:1 FAR, which allows multi-units up to 5,900 sq ft. The property is eligible for residential loan. This is a great income and investment asset. Perfect for a live/work, or to use one unit and rent the other. Recent renovations include store interior, patio, landscaping, paint, basement, fence, coffee window/ office and much more. Conceptual design for future development is included. Walk score 89, Transit score 52, Bike Score 98!!! Businesses are not for sale and the Broker is part owner of the property. Please note 3D walk through is only showing the residential unit.
Location
State OR
County Multnomah
Area _143
Zoning CR
Rooms
Basement Exterior Entry, Partial Basement, Storage Space
Interior
Heating E N E R G Y S T A R Qualified Equipment, Wall Heater
Cooling Window Unit
Exterior
Roof Type TarGravel
Parking Type Open
Garage No
Building
Lot Description Corner Lot, On Busline, Trees
Story 1
Foundation Concrete Perimeter, Other, Pillar Post Pier
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Atkinson
Middle Schools Mt Tabor
High Schools Franklin
Others
Acceptable Financing CallListingAgent, Cash, Conventional, FMHALoan, OwnerWillCarry, Trade
Listing Terms CallListingAgent, Cash, Conventional, FMHALoan, OwnerWillCarry, Trade
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