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1325 NW Flanders St , 2 & 3

Portland, OR 97209
  • $4,490,000
  • STATUS: Active
  • ON SITE: 48 Days
  • MLS #: 22282178
UPDATED: 26 min ago
$4,490,000
  • 5
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 4
    1/2 BATHS
  • 9,900
    SQFT
  • $454
    $/SQFT
Type:
Condo
Built:
1911
County:

School Information

Elementary School:
Middle School:
High School:

Description

Two unique historic Pearl Commercial Condos currently used as office space. Can potentially be used as live/work opportunity. Buyer to confirm with city. Great investment or owner occupied opportunity. 2.5 years remain on 2 very attractive NNN leases. Call for details. Main floor $13,795/mo NNN 2nd floor $10,525/mo NNN. Actual in-place cap rate is 6.2%, factoring 5% vacancy and 5% exterior shell maint. Includes basement but not residential condo on top floor

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Listing content is copyright © 2022 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-07-05T20:40:43.563.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
www.nexthomepdx.com/homes/128821540
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1325 NW Flanders St , 2 & 3 Portland, OR 97209

  • Price: $4,490,000
  • Status: Active
  • On Site: 48 Days
  • Updated: 26 min ago
  • MLS #: 22282178
5
Beds
0
Baths
4
½ Baths
N/A
Acres
9,900
SQFT
$454
$/SQFT
1911
Built
Neighborhood:
Portland Nw/ Sw/ S, Raleigh Hills
County:
Multnomah
Area:
Portland Nw/ Sw/ S, Raleigh Hills
Elementary School:
Chapman
Middle School:
West Sylvan
High School:
Lincoln
Property Description
Two unique historic Pearl Commercial Condos currently used as office space. Can potentially be used as live/work opportunity. Buyer to confirm with city. Great investment or owner occupied opportunity. 2.5 years remain on 2 very attractive NNN leases. Call for details. Main floor $13,795/mo NNN 2nd floor $10,525/mo NNN. Actual in-place cap rate is 6.2%, factoring 5% vacancy and 5% exterior shell maint. Includes basement but not residential condo on top floor
Exterior Features

Exterior Description Brick Garage Or Parking Spaces 0 Lot Description On BuslineCorner LotLevel Roof Type Flat Style Live Work Unit Unit Location Main Level View YN No Water Description Public Water

Interior Features

Additional Room1 Description 2nd Kitchen Additional Room2 Description 4th Bedroom Additional Room3 Description 5th Bedroom Additional Rooms 5th Bedroom4th Bedroom2nd Kitchen Basement Full BasementStorage Space Baths Total 0.4 Bedroom2 Level Main Bedroom3 Level Main Condo Elevator YN Yes Condo Units In Complex 3 Cooling Description Heat Pump Heating Description Heat Pump Kitchen Appliances DishwasherFree-Standing RangeFree-Standing Refrigerator Master Bedroom Level Main Master Bedroom Sq Ft 224 Sq Ft Lower Level Total 0 Sq Ft Main Level Total 4950 Sq Ft Upper Level Total 4950

Property Features

Bank Owned YN No Condo Storage Avail YN Yes Country Us Fuel Description Electricity Hoa Fee 0 Hoa YN Yes Other Payment Freq Monthly Price Type List Price Property Condition Approximately Rent Amount 24320 Residential Type Condominium Seller Disclosure Disclosure Senior Housing YN No Sewer Description Public Sewer Short Sale YN No Sq Ft Source Floor Plan Tax Amount 25327.00 Terms Call Listing AgentCashConventional Third Party Approval YN No Warranty Available YN No Zoning Ex

Listing provided courtesy of Windermere Realty Trust.


Listing content is copyright © 2022 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-07-05T20:40:43.563.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
 
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