$ 699,000
-
$699,000
Price -
4
Bed -
4
Bath -
1,792
SqFt
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About the Listing 5REI01 - SWWARTZR
Outstanding investment opportunity in the heart of Springfield's desirable Washburne District. Situated on a corner lot with alley access, this well-maintained fourplex offers excellent income potential with the added possibility of future development. The City has indicated there may be room to build a duplex on the west side of the property; buyers are encouraged to perform their own due diligence regarding development potential.The property consists of four one-bedroom, one-bath units, each featuring a living room and kitchen. One of the four units have been substantially updated, with Unit 1 receiving a beautiful, complete remodel that includes red oak hardwood floors, granite countertops, all-new appliances, new electrical, and a new sink and toilet. Unit 2 features new flooring, appliances, windows, base cabinets, and countertops. Unit 3 has new laminate flooring and carpet, while Unit 4 offers red oak hardwood floors and vinyl windows.Additional improvements include a new roof installed in 2023, vinyl windows, a new water heater, and a shared laundry room with a new coin-operated washer and dryer. Tenants also enjoy abundant off-street concrete parking and the convenience of a Level 2 electric vehicle charger. The property is zoned Medium Density Residential, offering excellent long-term investment potential. Shown by accepted offer only.Seller pays $70 per month for exterminator, $23 gas, $36 electric, $100 gardener, $125 maid service for common areas. Laundry income is $70 per month.
Listing Highlights
Status
Active
Days on Site
14
Property Type
Multi-Family
MLS ®
479826573
Year Built
1910
Total Square Footage
1,792
Lot/Acreage
0.24
County
Lane
Neighborhood
Washburne Historic District
Elementary School
Two Rivers
Middle School
Hamlin
High School
Springfield
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,WallHeater
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Crawl Space
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Corner Lot,Level
- Garage Capacity: N/A
- Zoning: Muli
- Roof: Composition
- Others: Updated/Remodeled
- Sewer: Public Sewer
- Parking Features: Paved
Financial Details
- Tax Amount: $2,855
- Taxes w/Assessments: N/A
- Tax/Property ID: 0311645
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
608 4th St Springfield, OR 97477
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