1024 SE 16TH AVE

Portland, 97214

  • 4 Bed

  • 6 Bath

  • 6312 SqFt

  • 0 DOM

  • Built: 1906

  • Status: Active

$1,500,000

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1024 SE 16TH AVE

Portland 97214

$1500000

  • 4 Bed

  • 6 Bath

  • 6312 SqFt

  • 0 DOM

  • Built: 1906

  • Status: Active

Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

OPEN Wednesday July 23rd from 4-6pm and Sunday July 27th from 1-3pm. You will be able to see all 6 units at the open houses. These will be the only two open houses! Owner financing with 25% down and 5.95% interest. Contact listing agent for terms. Phenomenal restored building on surprisingly quiet street in the Buckman Hawthorne neighborhood. Walk Score 95 bike score 96. Current owners of 26 years are ready to retire. They have maintained and restored these lovely units. Most have refinished hardwood floors, updated kitchens and bathrooms. Vintage charm intact. Property has always attracted GREAT tenants who are respectful of each other and take care of the property. In 26 years, only $100 in tenant caused damage, apart from normal wear and tear. Owner occupant opportunity. Owner has left one unit vacant for possible owner-occupant. Move in ready with newly refinished hardwood floors and newly remodeled bathroom. It also has an updated kitchen with maple cabinets, a gas stove and built-in microwave. It has a spacious bedroom with walk-in closet, plus an atrium. Other main floor unit has a gas fireplace, an atrium and is HUGE - large enough for a new owner to install a full sized washer dryer in the bathroom which has a soaking tub and a separate shower. One studio is a tiny house with hardwood floors and a custom tiled shower and is connected to main building on one corner. Building has a common sunroom and rooftop deck with views. Locked bike shed and individual storage units. Stable tenant profile - one has lived here for 14 years, another for 10. Tenants who just vacated were here 7 years. Secure entry with locking mailboxes in foyer.

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