1310-1390 Spruce St - Apartments FOR SALE


Florence, OR 97439
$1,250,000 USD
541-997-5926
1310-1390 Spruce St, Florence, OR for Sale
$1,250,000 USD
Apartments - FOR SALE
1/21
null | 3.55% Cap Rate

1310-1390 Spruce St
Florence, OR 97439


OVERVIEW

Opportunity awaits for investors seeking a reliable, income-producing property on the Central Oregon Coast. This offering features four fully rented duplexes, all situated in a convenient and central location with amenities nearby, making it an appealing choice for both tenants and owners.The property boasts a unique advantage as it backs up to the Munsel Creek bike path greenbelt. This setting provides a peaceful forest backdrop in the backyards of each duplex, enhancing the living experience for residents and adding value to the property. While all units are currently rented, there is additional opportunity for the new owner to increase rental income. Some rents have not yet been updated to reflect current market values, presenting potential for higher returns. Comprehensive financial information is available to qualified buyers upon request. For the privacy and comfort of current tenants, a 24-hour notice is required before any property viewing. Please respect the tenants and do not disturb them without prior arrangement.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

8

PRICE/UNIT

$156,250

CAP RATE

3.55%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

871 SF

ZONING

HR

APN/PARCEL ID

1403680

ASK ABOUT THIS PROPERTY

Desiree CliftonWindermere Real Estate Lane CountyMore Info
541-997-5926

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Desiree CliftonWindermere Real Estate Lane CountyMore Info
541-997-5926

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.