7365-7375 SE Foster Rd - Foster 74 - Development 0.22 Acres of Residential Land Offered at $1,850,000 in Portland, OR 97206

Foster 74 is a permit ready 37- unit apartment project in Portland’s up-and-coming Foster-Powell “FoPo” neighborhood. The property sits on two tax lots and is not subject to Portland’s inclusionary housing provisions. Plans have been approved by the City and construction can being as soon as permits are paid for at the City. Renderings, plans, surveys and reports are included in the sale and will be fully transferred to the Buyer at Closing. Buyer to conduct its own due diligence to verify with the City of Portland the status of the proposed project. Foster 74 was designed as a modern, 3-story wood frame apartment consisting of 15,646 SF of gross square footage containing 37 apartment units across two side-by-side buildings. The unit mix will consist of 5 studio units, 31 one-bedroom units and 1 two-bedroom unit, all with modern finishes and top floor units with vaulted ceilings. Units will feature wide plank LVT flooring, in-unit stackable washer/dryer, two tone cabinets, porcelain tile backsplash, undermount sinks and stainless steel appliances. Buyers can execute the current project as designed, or designing the building to their own standard and specifications. The project is located near many of Portland’s most cutting edge restaurants, cafes and breweries and offers many experiences only found in the area. From coffee shops with vegan pastries to a grocery store offering its own take on salsa, Fo-Po has a little something off radar for everyone. It is labeled walker and biker’s paradise and is near public parks, a community center and the heart of the Foster Blvd revitalization area. It is less than 6 miles from downtown Portland and offers tenants quick access to the major employment hub in the Metro area.