POWELLHURST-GILBERT
Property • Residential
Web ID # 462291033
$485,000.00
2 Beds • 1 Baths
Property Features
Regional Multiple Listing Service, Inc.
Attention Developers, Investors, Contractors and Buyers In Need of an Over Sized Shop! This property features a 1429 SF, 2 bedroom, 1 bath home that is comfortable and fully functional. Additional cosmetic improvements could make this a beautiful home for someone wishing to utilize the shop and oversized lot for themselves. Seller's current mortgage at 2.38% is assumable for owner occupants meeting mortgage criteria. Great rental potential for investors looking to add to their rental portfolio. Shop is 37 x 24 with additional attached wood structures that add square footage. It has a 220 electric service and has been used for mechanic work/motorcycle repair in the past. It has ample storage, an oversized garage door and abundant open workspace. Land is a secluded, quiet, and private .29 acre flag lot zoned RM2. Per city website, this allows for medium-scale multi-dwelling construction characterized by 3-4 story buildings including a diverse range of multi-dwelling structures, fourplexes and rowhouses. Buyers to do own due diligence with city and county regarding possible property uses. Property is conveniently located with easy access to Gresham, Downtown Portland, I205, and mass transit.
Division
Dwelling Type: Residential
Subdivision: POWELLHURST-GILBERT
Year Built: 1940, County: US
Division
Listing is courtesy of Owl's Nest Realty
