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1201 R St, Springfield, OR 97477
$745,000
1201 R St, Springfield, OR 97477View this property at 1201 R St, Springfield, OR 97477
1201 R StSpringfieldOR97477
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Property Description
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. 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 was 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. Owners are licensed real estate agents in the state of Oregon.
Full Property Details
Full Property Details for 1201 R St
General
- Sold For: $745,000
- Taxes: $5,191 (2023)
- Status: Sold
- Type: Multi-Family
- MLS ID: 23333973
- Added to Site: 151 day(s) ago
Rental Information
- Rent Includes: Trash Collection
Additional Information
- Security/Safety: Security Lights
Parking
- Total Spaces: 16
- Parking Features: Assigned, Secured
Location
- County: Lane
- Driving Directions: 11th
School Information
- Midd School District: Springfield
- Middle School: Springfield
Community
- Community Name: 249 - Lane Co: Springfield
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Wall Furnace
- Heating Fuel: Electricity
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- Property Detached: Yes
- Basement Desc.: Crawl Space
- Roof: Composition
- Stories/Levels: 2
- Square Feet: 3,392
- Year Built: 1994
- Property Condition: Updated/Remodeled
Lot Features
- Lot Size: 7, 000 to 9, 999 SqFt
- Frontage: Concrete
- Lot Features: Cul-de-sac, Level, On Busline
Financial Considerations
- Operating Expenses: $8,300
- Tax Amount: $5,191.58
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Disclosures/Reports: Disclosure
- Property ID: 1458734
Listed by Windermere RE Lane County (541) 905-9266, Alec Armour (541) 905-9266
Sold by DC Real Estate Inc (541) 344-3234, Brita Arcuri
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Schools
Schools serving 1201 R St
School District:Springfield Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1300 Hayden Bridge Rd, Springfield, OR 97477 | K-5 | 0.4 mi | |
2355 Yolanda Ave, Springfield, OR 97477 | 6-8 | 1.1 mi | |
875 7th St, Springfield, OR 97477 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1201 R St
Date
Details
Price
Change
Source
2/13/2024
Sold
$745,000
-0.67%
MLS
1/04/2024
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1201 R St, Springfield, OR 97477 (MLS# 23333973) is a Multi-Family property that was sold at $745,000 on February 13, 2024. Want to learn more about 1201 R St? Do you have questions about finding other Multi-Family real estate for sale in Springfield? You can browse all Springfield real estate or contact a Coldwell Banker agent to request more information.