Great 1031 property with Huge upside. Property is Zoned Downtown Transit Midrise (DTM) fronts the Lightrail 1/2 block from the bus/rail transfer station. New development opportunity includes Mixed use, retail/office/residential up to 85' vertical. In the Opportunity zone City of Gresham Vertical incentives and more.Current property is being used as rooming house, 20 rentable rooms in main building & 3 unit 9 bedroom in second building.
Off market
$542,100
115 NE 10th Dr, Gresham, OR 97030
0beds
0baths
6,627sqft
Townhouse
Built in 1900
-- sqft lot
$542,100 Zestimate®
$82/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Heating
- Forced air, Gas
Cooling
- None
Appliances
- Included: Microwave, Refrigerator
Features
- Windows: Window Coverings
- Basement: Finished, Full, Daylight, Storage Space
Interior area
- Total interior livable area: 6,627 sqft
Property
Features
- Exterior features: Wood
Lot
- Features: Level, 1 to 2.99 Acres
Details
- Zoning: DTM
Construction
Type & style
- Home type: Townhouse
Materials
- Roof: Composition
Condition
- Approximately
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & neighborhood
Security
- Security features: Entry
Location
- Region: Gresham
HOA & financial
Other financial information
- Total actual rent: 1350
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Forced Air
- Appliances: Refrigerator, Microwave, Gas Water Heater
- Basement: Finished, Full, Daylight, Storage Space
- Furnished: Furnished
- HeatingYN: true
- Utilities: Natural Gas Connected
- ConstructionMaterials: Wood Siding, Lap Siding
- Roof: Composition
- LotFeatures: Level, 1 to 2.99 Acres
- LeaseTerm: Month To Month
- NumberOfUnitsTotal: 20
- FarmLandAreaUnits: Square Feet
- RentIncludes: Water, Sewer, Electricity, Trash Collection, Heat
- UnitsFurnished: All Units
- WindowFeatures: Window Coverings
- OpenParkingYN: true
- GrossIncome: 38400
- Zoning: DTM
- ParkingFeatures: Open
- TotalActualRent: 1350
- NetOperatingIncome: 29400
- MlsStatus: Active
- SecurityFeatures: Entry
- PropertyCondition: Approximately
- CapRate: 1.59
- OperatingExpense: 13356
Services availability
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Estimated market value
$542,100