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8307 N Ivanhoe St - St. John's Redevelopment 0.23 Acres of Commercial Land Offered at $600,000 in Portland, OR 97203
Investment Highlights
- Ready to go 15 unit apartment site in charming desirable St. Johns
Executive Summary
Property Facts
1 Lot Available
Lot
| Price | $600,000 | Lot Size | 0.23 AC |
| Price Per AC | $2,600,780.23 |
| Price | $600,000 |
| Price Per AC | $2,600,780.23 |
| Lot Size | 0.23 AC |
This 5000 sf CM2 parcel is in the heart of growing and gentifying St. Johns village. A 15 unit apartment has been full designed and engineered. Full plans ready. Eleven 1 bedroom units and Four 2 bedroom units. Exterior entrance so no wasted space.
Description
St. Johns has tons of history and charm and this site with fully engineered and designed plans for 15 units is ready to go. 3 stories with outside stairs entrances so very efficient so no wasted interior non income generating space. Larger unit with AC; large kitchens; high ceilings: decks and lots of light and sun with south facing. St Johns has become cool in the last decade with new shops; theaters; breweries: restaurants; health care services. Plus this site is walkable to two large parks, huge new natural area of Willamette Cove and the Willamette river with beaches; boat ramp; swim dock and wonderful Cathedral Park. Promity down the road to one of the best universities on the West Coast; University of Portland. McMenamins theater pub across the street; Safeway also across the street. 10 restaurants with 4 blocks; Multiple food cart pods and New Seasons close by. Pearl and Downtown only 15 minutes away over iconic St. Johns Bridge. Small house with restaurant on the site paying some rent.
Property Taxes
| Parcel Number | R232255 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $171,000 |
Property Taxes
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8307 N Ivanhoe St - St. John's Redevelopment
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