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3122 N Williams Ave, Portland, OR 97227

$1,175,000

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Property Description

Fantastic development/ investment/owner occupant/urban farm opportunity on the Williams Corridor. Sale includes two tax lots. R308691 (.09 acres) contains a ground level store front/retail spaced currently leased as a bar; the upper residential duplex has two spacious 2-bedroom residential units. Possible 3rd bedroom in unit B. Adjacent parcel R308690 (.07 acres) is an undeveloped corner lot with an agricultural tax exemption based on current use as Fargo Forest, an urban farm and education space. Development package and floor plans available. Do not disturb tenants or walk on the property. Cross listed as commercial listing #776426559

3122 N Williams Ave | MLS# 596149847

This multi-family property located at 3122 N Williams Ave, Portland, OR 97227 is currently listed for sale with an asking price of $1,175,000. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Fuel Type: Electricity
Heating: WallHeater
Lot Size: 41X100 and 51X59
Roof Type: Composition, Flat, Rubber
Stories: 3.0
Taxes: $6,442
Year Built: 1907
Square Feet: 3,949

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Features: Deck, Range, WasherDryerHookup, WoodFloors
Rent: $1891.00
Square Footage: 1040
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator, WasherDryerHookup, WoodFloors
Rent: $1875.00
Square Footage: 1012
Total Units: 1
Unit Type 3:
Bathroom(s): 1
Features: Storage
Rent: $3684.00
Square Footage: 1896
Total Units: 1

Feature Descriptions

Days on Site: 143
Exterior: Wood Siding
Gross Income: $89400.00 (Actual)
Hot Water: Electricity
Lot: Corner Lot, Level, Trees
Lot Dimensions: 41X100 and 51X59
Net Income: $78911.00 (Actual)
Operating Expenses: $10489.00 (Actual)
Parking: OnStreet
Parking Notes: OnStreet
Sewer: Public Sewer
Special View Info: City
Units: 3
Water: Public Water

Local Schools

High School: Jefferson
Middle School: Harriet Tubman
Elementary School: Boise-Eliot

Listed By / Shown By

Listed By

Agency Name: Alternative Realty
Agency Phone: 541-726-0400

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 6,820.98 per month $5,941.44 Principal & Interest $536.83 Property Tax $342.71 Homeowner's Insurance

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