| $569,000 | Pending

FOR REDEVELOPMENT. 8000 square feet in R2.5 with existing single family residence and deed evidence of two 40’x 100’lots of record prior to 1972, presumed confirmable (cf.also Portland Maps Assessor Detail showing shadow line). Right in the heart of Brooklyn, 1 block to Powell Park, 1.5 blocks to Peoples Food Co-op and Farmers’ Market, Hosford/Abernethy Schools. Many available options: Confirm lots, rehab house, add up to two ADUs, and build duplex plus ADU, or triplex, or four-plex on adjacent lot; or build 2 duplexes, 2 triplexes, 2 four-plexes, or 6 cottages. Employ Middle Housing Land Division (MHLD) to divide and sell the foregoing on fee simple lots (does not apply to ADUs); or build 6 cluster cottages on 8000 square feet without lot confirmation and employ MHLD to create 6 separate salable cottages in fee simple. 5 to 6 plex multi-family possible on each lot subject to design standards e.g. potentially two six-plexes, or 6 plex on 8000 square feet with no lot confirmation (no MHLD option on these). Property may be divided into three 26.66 x 100 lots for two, three, and four plex options e.g. 3 triplexes, subject to design standards. See comprehensive report from Faster Permits regarding development options attached to listing. House has sill plate issues, possible foundation issues. Underground HOT in place, no known issues. Buyer to utilize all 8000 square feet for a single development, or confirm two lots of record @ 40’x100′, or divide for two or three lots. Prior deeds available with accepted offer to facilitate lot confirmation. Final accepted offer subject to Probate Court approval – offers to include provision for this with diligence period (if any) to run concurrently. Proof of non-contingent funds required with offer. Buyer diligence required: seller makes no warrant as to suitability of purpose for any particular use. Cross Listed Lots & Land RMLS# 24675529