1201 R Street

Springfield, OR 97477

$745,000
Last Sold Price
Beds
3,392 Sq. Ft.
$220 / Sq. Ft.
3,392
Sq. Ft.
$220
per Sq. Ft.

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....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.

Property Details for 1201 R Street

Parking Features
Assigned, Secured
Zoning
multi
Parking Total
16.00

Location

Listing Courtesy of Windermere RE Lane County

Sold By DC Real Estate Inc

Add your commute
LISTING UPDATED: 04/09/2024 11:23 AM

Property Details for 1201 R Street

StatusSold
MLS #23333973
Days on Market4
Taxes$5,192 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1994
Lot Size-
CountyLane County

Location

Listing Courtesy of Windermere RE Lane County

Sold By DC Real Estate Inc

Add your commute

Building Information for 1201 R Street

Stories2Residences4Year Built1994Building Size-Lot Size-

Payment Calculator

$4,498 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,066

Property Taxes

$433

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1201 R Street

Summary
Location and General Information
  • Country: US
  • Directions: 11th
  • Road Surface: Concrete
School Information
  • Middle Or Junior School: Springfield
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $5,191.58
  • Parcel Number: 1458734
  • Tax Legal Description: tl 3602 P 1
Property
Lot Information
  • Lot Description: Cul_de_sac, Level, On Busline
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1994
Utilities
  • Cooling Description: Window Unit
  • Fuel Description: Electricity
  • Heating Description: Wall Furnace
  • Hot Water Description: Electricity, Tank
  • Sewer Description: Public Sewer
  • Rent Includes: Trash Collection
Interior and Exterior Features
Exterior Features
  • Exterior Description: T111Siding, Wood Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $60,780.00
  • Gross Income Projected: $60,780.00
  • Gross Rent Multiplier: $12.34
  • Investor Information: According To Owner, Annual Property Operation Data, Leases, Rent Records
  • Net Income Actual: $52,479.00
  • Net Income Projected: 52479
  • Operating Expenses Projected: $8,300.00
  • Operating Expense: $8,300.00
  • Security Features: Security Lights
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • Common Amenities: Commons
  • SqFt Approximate Building Total: 3392
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Rent: $0
  • Unit Type 1 SqFt: 848.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Rent: $1,166
  • Unit Type 2 SqFt: 848.0
  • Unit Type 2 Units Total: 2
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Rent: $1,250
  • Unit Type 3 SqFt: 848.0
  • Unit Type 3 Units Total: 3
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Rent: $1,199
  • Unit Type 4 SqFt: 848
  • Unit Type 4 UnitsTotal: 4
Unit 10 Information
  • Unit Type 10 Features: Air Conditioning, Dishwasher, Range, Refrigerator

Property History for 1201 R Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1201 R Street

Taxable ValueLand-Additions-Total-
Tax Record2023$5,192 ($433 / month)
Home Facts
Lot Size8,276 SqFtStyleMulti-Family Dwelling (2-4)ZoningMD- MEDIUM DECountyLANEAPN17-03-26-14-03603-000

Schools near 1201 R Street

This home is within Springfield School District 19.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Elizabeth Page Elementary School
PublicK to 5

Briggs Middle School
Public6 to 8

Springfield High School
Public9 to 12

Gateways High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Windermere RE Lane County

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 04/09/2024 11:23 AM