Bought with Coldwell Banker Coast Real Est
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Key Details
Sold Price $252,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24496642
Sold Date 10/17/24
Year Built 1979
Annual Tax Amount $2,710
Tax Year 2023
Lot Size 6,098 Sqft
Property Description
Discover a prime investment opportunity nestled near the historic Old Town Florence District! This duplex presents an ideal chance for investors seeking to capitalize on the thriving real estate market in this charming locale. Currently occupied by long-term tenants, the property offers immediate rental income while also harboring significant potential for enhancement. Unit 1135 boasts a spacious layout encompassing 3 bedrooms and 2 bathrooms spread across 1,272 square feet. Adjacent, a 336-square-foot single-car garage provides convenient parking and additional storage options. Complementing this, Unit 1137 features a cozy 520-square-foot configuration with 1 bedroom and 1 bathroom, catering perfectly to varying tenant needs. Strategically positioned near the Historic Old Town Florence District, this property promises not only steady rental income but also the allure of transformation into a lucrative short-term rental hotspot. With its current tenant occupancy, you have the flexibility to maintain stable rental revenue on a month-to-month basis or seize the opportunity to refurbish and elevate the property?s appeal, thereby enhancing its rental potential even further. The choice is yours to either capitalize on immediate returns or embark on a venture to maximize future profitability. Surrounded by the timeless charm of Old Town Florence, residents and visitors alike relish the proximity to historic landmarks, local shops, vibrant dining options, and scenic vistas. This location not only ensures a desirable living environment for tenants but also solidifies its standing as a sought-after destination for vacationers seeking authentic experiences. Act now to secure your stake in this promising investment opportunity .
Location
State OR
County Lane
Area _228
Zoning MR
Rooms
Basement Crawl Space
Interior
Heating Baseboard
Cooling None
Exterior
View City
Roof Type Composition,Fiberglass
Parking Type Driveway, Garage
Garage No
Building
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Siuslaw
Middle Schools Siuslaw
High Schools Siuslaw
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Cassandra Marks
Realtor, Licensed in OR & WA | License ID: 201225764
Realtor, Licensed in OR & WA License ID: 201225764