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6936 N Interstate Ave

 Portland, OR 97217
Active
Status
$425,000
Listing Price
2
Beds
1
Baths
800 Sq. Ft.
$531/Sq. Ft.
 

OVERVIEW

Feasibility Study Complete: CM3 Zoning allows build up to 40 micro-units plus 640sf commercial space on main floor if build up 7 stories! Or can build 19 units with 833 sf per unit plus the 640 sf commercial space on first floor. Many possibilities as city has no parking requirement due to proximity to MAX light rail stops!

Currently has a 650 sf 2 bedroom 1 ba home plus basement with fully fenced yard. Roof is 15 years old.

House is rentable as-is and comes furnished or unfurnished.

Sale includes 9x20 portable office located behind main house.

There are 3 ways you can buy this home:
1. Cash for $425k as-is including basic architect sketch for micro units.

2. Contract Sale with $85k downpayment, and Seller Finance Loan Balance of $340,000 for 24 months and interest only payments of $3,400 per month. No prepayment penalty. No Origination Fees.

3. Lease for
$2,500 prepaid First Month plus
$2,500 prepaid Last Month plus
$2,500 prepaid Deposit (refundable) plus
$8,000 prepaid Option Fee allows purchase of property for $417,000 within the 24 month lease term.

Total move-in cost for lease/option: $15,500.
Days on Fizber:
112 Days
Source: Fizber.com
 

PROPERTY DETAILS:

PROPERTY BASIC INFORMATION:

Property Information:
  • Year Built:
    1926
  • Property Type:
    Single Family
  • Floors #:
    1
  • Architecture Style:
  • Total Units:
  • Bedrooms:
    2
  • Full Bathrooms:
    1
  • Partial Bathrooms:
    0
  • Living Square Footage:
    800
  • Lot Square Footage:
    3484
   
 

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