A unique opportunity to own this classic 1908 vintage Portland beauty! Nestled on the corner of SE 23rd and Ankeny, this mixed use building is currently operating as 'The Slide Inn' and 'Jade Lounge' on the main level and offers a remodeled duplex upstairs, which includes two - three bedroom/one… Read More bathroom units with stackable washer/dryers, dishwashers, updated kitchens, wood flooring, trim work, molding, tons of character and charm plus balconies! Each apartment rents $2,800/month. In addition to the restaurant, lounge and duplex, there is a one car garage for storage and a large basement spanning the footprint of the building as well as a small office space upstairs. The perfect space - just waiting on personal touches for the next restaurant, bakery, coffee shop, art studio or retail occupant, while collecting the residual income of the two units above! Zoned CM1 - mixed use. Appointment only showings, do not disturb tenants. Read Less
Listing courtesy of Harnish Company Realtors.
Listing Snapshot
Days Online
13
Last Updated
Square Ft.
8,406
Year Built
1908
MLS Number
467650812
30 Days Snapshot Of 97214
$683k
-4%
(avg) sold price
22
-24%
homes sold
25
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: Unfinished
Building
Building Area Total: 8406, Built in 1908, Storage: Basement, Garage, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2
Cooling
Cooling: CentralAir
Expenses
Operating Expense: $15,000
Exterior Features
Exterior Description: WoodSiding
Foundation
Foundation Details: ConcretePerimeter
Garage
Garage Spaces: 1
Heating
Heating: ForcedAir
Income
CAP Rate: 4.14, Gross Income: $79,200, Gross Rent Multiplier: 19.57, Net Operating Income: $64,200
Lot
Features: Level, Size Range: SqFt3000to4999, Size: 3,000 to 4,999 SqFt
Parking
Features: OnStreet, 1 total parking spot
Property
Number Of Units Total: 3, Property Condition: Fixer, Zoning: CM1
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $10,342, Legal Description
Unit One
Actual Rent: $2,800, Area: 1323, Features: Deck, WasherDryer, WoodFloors, Units Total: 2, 1 total bathroom, 2 total bedroom
Unit Two
Area: 5860, Features: Dishwasher, Range, Refrigerator, WoodFloors, Units Total: 1, 3 total bathrooms, 2 total bedroom
Utilities
Fuel Description: Gas, Hot Water Description: Electricity, Water Source: PublicWater
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