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Outstanding investment and redevelopment opportunity on Denver Ave in North Portland. Seller has obtained fully approved City of Portland plans to convert the existing duplex into a legal four-plex - eliminating months of permitting delays and positioning this project for rapid completion and resale or long-term cash flow. High-value improvements already completed: Oil tank decommissioned, Sewer line repair complete, New exterior paint, Extensive rough-in plumbing started, Full interior demo and debris removal done, several new windows installed. This property is ready for a savvy investor or contractor to take over to complete the rough-in stage and move directly into drywall and finish work. Ideal for those seeking a shovel-ready project with strong upside potential in a desirable, appreciating area. Approved four-plex plans included with sale. Future buyers may be able to save thousan...
Outstanding investment and redevelopment opportunity on Denver Ave in North Portland. Seller has obtained fully approved City of Portland plans to convert the existing duplex into a legal four-plex - eliminating months of permitting delays and positioning this project for rapid completion and resale or long-term cash flow. High-value improvements already completed: Oil tank decommissioned, Sewer line repair complete, New exterior paint, Extensive rough-in plumbing started, Full interior demo and debris removal done, several new windows installed. This property is ready for a savvy investor or contractor to take over to complete the rough-in stage and move directly into drywall and finish work. Ideal for those seeking a shovel-ready project with strong upside potential in a desirable, appreciating area. Approved four-plex plans included with sale. Future buyers may be able to save thousands with City of Portland's SDC waiver program on this project.
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