ATTENTION Fix & Flippers and Buy & Holders and Brokers with Fix/Flip/Investor Clients - we priced this for you! 16% CAP RATE! This is the least expensive multi-unit for sale in Portland. This property needs a renovation but the bones, layout, bedroom count, and location are 100% there to make this a viable investment with excellent cash flow. Downstairs is a large 2-bedroom layout (condition isn't bad) and upstairs is a 5 bedroom layout (this is the one that needs more work). The property is being sold AS-IS. 58 Douglass Street is conveniently located next to a massive park and right at the neck of the Portland Peninsula with fast access to I-295.
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