1201 R St Springfield, OR 97477
Well maintained 4-plex with private-off street parking and common area for vegetables and flowers. Long term tenants with low vacancy and potential for value add. Large laundry/storage facility that's highest and best use is redevelopment into residential unit(s), buyer to do diligence. Owner managed/maintained leading to a strong Cap rate, great opportunity for buyer to do the same. Very close to bus line, shopping and entertainment which is a strong factor as a successful short term rental. All units updated approximately 5 years ago with new appliances & floor coverings. New roof installed in 2011 with 40 year roof. Do not disturb tenants, write offers subject to viewing. This is the second parcel of 2, parcel one sold in Feb 2024. This parcel has an auxiliary laundry/storage facility on it as well. Owners are licensed real estate agents in the state of Oregon.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLane
- Taxes$5,223
- HOA/Condo/Coop Fees$0
- Days on Site18 Days
- MLS StatusActive
- MLS ID Number24153821
- Home Size Source N/A
- Year Built1994
- Lot Size Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Lot Description Cul_de_sacLevelOn Busline
- Construction Wood Siding
- Sewer Public Sewer
- Water Public
- Parking Spaces 16
- Parking Features AssignedSecured
- Attached Garage No
Interior Features
- Heating Wall Furnace
- Cooling Window Unit
- Basement Crawl Space
- Foundation Concrete Perimeter
- Stories 2
Exterior Features
- Parking AssignedSecured
- Roof Type Composition
Community Features
- HOA Includes Trash Collection