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1325 NW Flanders St , 2 & 3

Portland, OR 97209
  • $4,490,000
  • STATUS: Active
  • ON SITE: 138 Days
  • MLS #: 22431959
UPDATED: 67 min ago
$4,490,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,900
    SQFT
  • $454
    $/SQFT
Type:
Commercial
Built:
1911
County:

School Ratings & Info

Description

Two unique historic Pearl Commercial Condos. 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 Stellar Realty Northwest are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-09-25T17:47:24.75.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 Stellar Realty Northwest and should be independently verified.
www.oregonpropertyfinders.com/homes/128523478
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1325 NW Flanders St , 2 & 3 Portland, OR 97209

  • Price: $4,490,000
  • Status: Active
  • On Site: 138 Days
  • Updated: 67 min ago
  • MLS #: 22431959
0
Beds
0
Baths
0
½ Baths
0.14
Acres
9,900
SQFT
$454
$/SQFT
1911
Built
Neighborhood:
Portland Nw/ Sw/ S, Raleigh Hills
County:
Multnomah
Area:
Portland Nw/ Sw/ S, Raleigh Hills
Property Description
Two unique historic Pearl Commercial Condos. 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

Attached Garage YN No Construction Materials Brick Road Surface Type Paved Roof Flat View YN No

Interior Features

Cooling Heatpump Cooling YN Yes Heating Heatpump Heating YN Yes Office Square Feet 8316

Property Features

Bank Owned YN No Commercial Features InsideStorage Current Use Office Existing Lease Type Yearsremaining1to5Nnn Fuel Description Electricity Green Certification YN No Gross Income 306240 IDXAddress Display YN Yes Listing Terms CashConventional Operating Expense 0 Property Attached YN No Property Condition Existing Property Sub Type Commercial Sewer Publicsewer Short Sale YN No Tax Annual Amount 25327 Tax Year 2021 Water Source Publicwater Zoning Ex

Listing provided courtesy of Windermere Realty Trust: [IDXCONTACTINFORMATION].


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 Stellar Realty Northwest are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-09-25T17:47:24.75.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 Stellar Realty Northwest and should be independently verified.
 
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Stellar Realty Northwest
109 NW Greenwood Ave #105
Bend OR, 97703