1201 R St, Springfield, OR, United States being shown by Windermere Relocation - Seattle with MLS # 24153821 - Real Estate, Homes, U.S. and International Luxury Homes

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.