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Portland Condo — Turnkey John Ross Unit with No Rental Cap

3601 S River Pkwy, Portland, OR, 97239
Deal Overview

Asking Price

$220,000

After Repair Value

$325,000

Rehab Cost

$1,000

Potential Profit

$104,000

Property Details

Bedrooms

1

Bathrooms

1

Sq Ft

1,062

Year Built

2006

Property Type

Condo

Condition

Good

Description

An excellent opportunity to acquire a turnkey condo unit in Portland's prestigious John Ross luxury high-rise, boasting no rental cap. This property is ideal for investors seeking a straightforward rental hold or a quick flip with minimal required effort. This 1-bedroom, 1-bathroom unit spans 1,062 square feet and was built in 2006. The unit is in very good condition and is move-in ready, requiring no major systems or structural work. The only identified items are to caulk the shower and complete minor paint touch-ups on one wall. Strategically located in the South Waterfront area, this condo offers an open-concept layout with floor-to-ceiling windows, wood floors, and a deeded parking space. The John Ross provides 24/7 concierge service, a large community room, and a rooftop deck with BBQs, making it highly attractive for residents. Its move-in ready state and lack of rental cap allow for immediate income generation or a swift resale. Buyer to independently verify square footage, lot size, and HOA details.

Supporting Documents5

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Property Info
OccupancyOwner Occupied
AccessAppointment Only
Showing Instructions

Public Walkthrough on 8/7 at 2 PM

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