Keller Williams Realty

MLS: 22282178     $4,490,000
5 Bedrooms with 0.4 Baths

MLS: 22282178 Condo For Sale
1325 NW FLANDERS ST 2 & 3
PORTLAND OR 97209

MLS:  22282178
Status:  ACTIVE
List Price:  $4,490,000
Price per SQFT:  $454
Square Footage:  9900

5 Bedrooms
0.4 Baths
Year Built:  1911
Zip Code:  97209

 

Listing Remarks

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

Address: 1325 NW FLANDERS ST 2 & 3 PORTLAND OR 97209

MLS Logo  Listing Courtesy of WINDERMERE REALTY TRUST

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Listing Details


BATHS PARTIAL:4
BATHS FULL:0
BATHS TOTAL:0. 4
BEDS TOTAL:5
STYLE:Live Work Unit
KITCHEN APPLIANCES:Dishwasher, Free-Standing Range, Free-Standing Refrigerator
GARAGE OR PARKING SPACES:0
HEATING:Heat Pump
UNIT LOCATION:Main Level
AREA:Portland NW/ SW/ S, Raleigh Hills
COUNTY:Multnomah
LEGAL DESCRIPTION:1325 FLANDERS CONDOMINIUM, LOT 2, HISTORIC PROPERTY 15 YR 2007, P
# UNITS IN COMPLEX:3
TAX AMOUNT:$25,327
ELEVATOR:Yes
RENT CAP:No
STORAGE AVAILABE:Yes
DATE LISTED:2022-05-09

Estimated Monthly Payments


List Price:$4,490,000
20% Down Payment:$898,000
Loan Amount:$3,592,000
Loan Type:30 Year Fixed
Interest Rate:5.2 %
Monthly Payment:$19,724

Estimate does not include taxes, fees, insurance.

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Property Location: 1325 NW FLANDERS ST 2 & 3 PORTLAND OR 97209



Blue Marker: This Listing               Red Marker: Active Listings Nearby

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Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.

Last Updated: 2022-08-10 07:55:18