Property ID: 22282178

$4,490,000
  • 1325 NW FLANDERS ST #2 & 3
    Portland 97209

  • Type: Condominium
  • Status: Active
  • 5 Beds,
  • 9900 Sq. Ft.
  • Year Built: 1911

Two unique historic Pearl Commercial Condos currently used as office space. Can potentially be used as live/work opportunity. Buyer to confirm with city. 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


Directions: @ NW 13th Ave
 

Details/Schools

    Heating Heat Pump/Electricity
    Cooling Heat Pump
    Taxes 25,327.00
    HOA Fees 0.00
    Elementary Chapman
    Middle School West Sylvan
    High School Lincoln

Features

APPLIANCES: Dishwasher,Free-Standing Range,Free-Standing Refrigerator

Listing Courtesy of Windermere Realty Trust

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