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Additional details
Listed by The Group Real Estate Services • sales@garciagrp.com
$ 615,000
Est. payment /mo
Price Dropped by $60K
8780 SE FLAVEL ST Portland, OR 97266
2,678 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,678 sqft
Price per Sqft $229
Subdivision Edge Otown Villas
MLS Listing ID 526313742
Year Built 2019
Annual Tax Amount $2,132
Tax Year 2025
Lot Size 5,662 Sqft
Property Description
PRICE REDUCED TO SELL! Large newer multi-unit property, built in 2019, offers an incredible investment opportunity. Upstairs 2 story 2,000 SF unit, is currently divided by a full partition wall and set up as townhouse style units, each with individual kitchens and separate entrances. These units are ideal for owner occupancy with an in-law / multi generational living space. Plus a downstairs Studio apartment with @ 320 SF that adds extra income (currently rented for $995 per month). Features include 9' ceilings, engineered hardwood floors, slab granite countertops, an abundance of windows with breathtaking views over the Spring Water Trail and Johnson Creek. The property is in excellent condition, boasting bright, inviting comfort and style. Each unit has stainless steel appliances, ample storage, and two private balconies. Each living space is equipped with a heat pump and mini split system, keeping property cool during the summer months. There is plenty of on-street, off-street, and garage parking, including a massive 1,000 sq ft garage and RV parking. The thoughtfully designed and thriving landscaping offers year-round beauty. This building was constructed by the current owner with his attention to detail and superior craftsmanship. It is a one-of-a-kind property and has been a fantastic investment. Upstairs is currently rented to 2 individual tenants, with a 3rd tenant in the downstairs Studio. Don't miss your chance to own this incredible income-generating property.
Location
State OR
County Multnomah
Area _143
Zoning R2
Rooms
Basement Partial Basement
Interior
Heating Forced Air, Heat Pump, Mini Split
Cooling Heat Pump, Mini Split
Exterior
View Park Greenbelt
Roof Type Metal
Garage No
Building
Lot Description Seasonal, Trees
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Kelly
Middle Schools Lane
High Schools Franklin
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
Amenities & Attractions