Flavel Development Land – Portland

Details
Units1.63 +/- Ac
Price$3,350,000
ZoneR2 & R2.5
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Located just East of Flavel Park and within walking distance to Whitman Elementary School. A total of 6 tax lots zoned R2 and R2.5. The property includes an existing house located on a separate tax lot and an operating 6-plex. No value has been allocated to the 6-plex. The property is priced at $125,000 per buildable unit and $350,000 for the single family home.

The existing 6-plex could be torn down for 24 new units or the existing 6-plex could remain allowing for an additional 18 units to be constructed. (Conditionally approved to build 24 townhome style units with an HOA overlay anticipating each unit to be sold individually.) Due diligence complete regarding satisfying conditions.  Back-up package available upon request. Please do not disturb the residents.

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