1448 NE 28TH AVE, Portland, OR 97232

$1,700,000
List Price
$1,700,000
Days on Market
30
MLS#
20253229
Property Type
Multifamily
Lot Size
0K to 2, 999 SqFt
Region
Portland Northeast
Status
Active

Property Description

Mixed-Use Commercial Building located in the heart of Sullivans Gulch. CM1 Zoning. Commercial on the downstairs, Residential upstairs. Completely Gutted. Grease trap installed in downstairs, Wifi- Garage doors. Would make great coffee shop, bar, or restaurant.Plumbed for cat6 and new everything. Electrical, Plumbing, paint, reclaimed floors from building. (2) 220 amp plugs in drive way. Hot/Cold outside water. New furnace, Upstairs completely remodeled. Can be used for airbnb. Seller RE Broker.

Additional Information

Tax Amount
$1,943
Year Built
1909
High School
Grant
Elementary School
Beverly Cleary
Middle School
Beverly Cleary
Stories
2
Terms
Cash, Conventional, Lease Option, Other
Cooling Description
Central Air
Fuel Description
Gas
Heating Description
Forced Air - 95+%
Hot Water Description
Gas
Exterior Description
Lap Siding, Stone, Wood Siding
Roof Type
Flat
Sewer Description
Public Sewer
Water Description
Public
View
Trees/Woods
Sq Ft Approximate Building Total
2903
Capitalization Rate
5.06
Operating Expenses Actual
2500
Gross Income Actual
86000
Gross Rent Multiplier
19.77
Net Income Actual
86000
Occupancy Types
Other
Road Surface
Paved
Number Of Units Total
2
Unit Type One Units Total
1
Unit Type Two Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Modern Realty.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2020 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.