5135 NE 42ND AVE, Portland, Oregon
5135 NE 42ND AVE, Portland, Oregon 97218 - Great redevelopment site on corner lot. Current zoning of R1 is changing to CM2 in 2018. Excellent investment and cash flow opportunity on close-in NE 42nd. Currently a duplex that lives like a 4-plex with a detached room behind the main building built from two shipping containers. Buy and bank it with positive cash flow(6 cap rate) and develop later. See plans for unit layouts.
Listing Courtesy of Urban Nest Realty