Ground Breaking Opportunity in Popular Kerns!
Amazing 50×100 level building lot ready for 6-unit development in the heart of the popular Kerns neighborhood offering a Walk Score of 94 (Walker’s Paradise) & 99 Bike Score! Seller has completed structural, interior and architectural designs & has submitted plans to the city for approval. All work to date shall be included with sale. Plans are for (6) 1,300sf townhome style units with 3 bedrooms, 2 ½ baths with balcony’s and common outdoor areas. The high-end modern design includes 11’ ceilings on main level, open concept floorplan, 10’ ceilings on second floor, vaulted master suites, and high-end finishes. Could be condos with projected resale over $500k per finished unit, or used as rentals with a huge cap rate, making this an enticing project for the shovel ready buyer! Plan approval from city expected approx. December 2018. Break ground in time for summer 2019 sales!
- Address: 2514 NE Flanders St, Portland, OR 97232, USA
- Price: $699,900
- Sq Footage: 5000
- Lot Size: 0.11 Acres
- MLS #: 18082398
- Status: Active
- Phone Number: (503) 709-4632 or (503) 317-3557