$275,000 Price Analysis    ♡   Florence, OR 97439 5 bed 4 bath unknown SqFt ($0/SqFt) 6,098SqFt lot. Built 1979 Listed 2024-07-11, Taxes $2,600 | ✓ USDA Eligible near Florence, OR |
Discover a prime investment opportunity nestled near the historic Old Town Florence District!
* Sale Pending *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 big 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 H istoric Old Town Florence District, this property promises not 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 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 .
Presented by John Barnett at
Coldwell Banker Coast Real Est.
Property MLS #24496642 from RMLS
Heating Fuel: Electricity
Heating: Yes
Water Heaters: Electricity, Tank
Lot Size Square Feet: 6098
High School: Siuslaw
Middle School: Siuslaw
Map directions Map directions Map directionsGross Scheduled Income: 21000
Unit Type: UnitTypeType1
Bedrooms in Unit-1: 3
Bedrooms in Unit-5: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-5: 1
Annual Tax Amount: 2710.23
Source Listing Status: Pending
County: Lane
Cap Rate: 0.44
Directions: N on Hwy 101, Left on to Rhododendron Drive Property on the right
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: 0799476
Zoning: MR
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $192,521 | $2,600 |
| 2021 | $unknown + $unknown $186,914 | $2,547 |
| 2020 | $unknown + $unknown $181,470 | $2,480 |
| 2019 | $unknown + $unknown $176,185 | $2,387 |
| 2018 | $unknown + $unknown $171,054 | $2,392 |
| 2017 | $unknown + $unknown $166,072 | $2,302 |
| 2016 | $105,449 + $49,641 $155,090 | $2,106 |
| 2015 | $91,389 + $51,965 $143,354 | $1,961 |
| 2014 | $87,312 + $54,260 $141,572 | $1,973 |
| 2013 | $unknown + $unknown $133,902 | $1,855 |
| 2012 | $unknown + $unknown $136,356 | $1,754 |
| 2011 | $unknown + $unknown $153,394 | $1,944 |
| 2010 | $unknown + $unknown $161,235 | $2,021 |
| 2009 | $unknown + $unknown $156,539 | $1,996 |
| 2008 | $unknown + $unknown $151,980 | $1,851 |
| 2007 | $unknown + $unknown $147,553 | $1,773 |
$275,000
RMLS
Listing removed 2016-10-27
$1,200
AppfolioUnits
Listed for rent 2016-09-28
$1,200
AppfolioUnits
Sold 1995-05-26
$120,000
Public Record
Operating Expense: 1550
Building Exterior Type: LapSiding
Foundation Details: ConcretePerimeter
Property Age: 45
Property Condition: Approximately
Roof: Composition, Fiberglass
Levels or Stories: 1
Water Source: PublicWater
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.