The coolest new place came up on broker’s tour yesterday. It is a live/work space and lately we’ve had a lot of clients interested in that kind of property. The idea, of course, is to combine your life into one location – preferably walking distance to a coffee shop, good restaurant and grocery store! It’s ideal for designers, realtors (!), landscape architects or entrepreneurs who can work from home and want a space with separate living quarters where it is legal to run a business.
The problem with some of the “mixed-use” places like Alu Wine Bar on MLK for example, which is a steal at $298,500, is that a buyer needs to get a commercial loan to make the purchase and/or to have the seller carry a contract. Both these options mean big down payments – at least 30% – and lots of financial hoops to jump through.
But the new listing from Dee Reddy, PDX Urban has work and live spaces and can be purchased with a VA, Conventional or FHA loan! It’s in the very hip and cool SE Industrial District a few steps from Ladd’s Addition and Division Street shops and restaurants.
Listed at $440,000, this old Portland Foursquare circa 1908 features 2500 square feet, 3 bedrooms, 2 baths, large rooms, stylish renovations, flowing floor plan and updated mechanicals.
If you’d like to take a look, call my cell at 503.312.8269 to schedule a showing!