Bought with Coldwell Banker Coast Real Est
$1,450,000
$1,450,000
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4,064 SqFt
SOLD DATE : 11/30/2023
Key Details
Sold Price $1,450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,064 sqft
Price per Sqft $356
Subdivision Old Town
MLS Listing ID 23189164
Sold Date 11/30/23
Year Built 1979
Annual Tax Amount $4,860
Tax Year 2022
Property Description
Seller is willing to discuss favorable owner carry terms!In the heart of historic Old Town Florence District, seize a remarkable investment chance. These units offer breathtaking bay and Old Town vistas, mere steps from premier coastal dining. Immerse in year-round festivities of Old Town Florence at your doorstep. Prime prospect for generating short-term rental income! This property showcases a two-level edifice, accompanied by an auxiliary maintenance/storage building at the rear. The property comprises five residential apartment units. Four units house two bedrooms and one bathroom each, while the fifth unit boasts a spacious one-bedroom, one-bathroom layout complemented by a generous enclosed sunroom. Recent comprehensive renovations, undertaken over the past months, are nearing completion. Modern enhancements include a fusion of luxury vinyl plank and carpet flooring, ductless heat pumps, and exquisite kitchens furnished with quartz countertops and top-notch stainless-steel appliances. Additionally, each unit houses its own stackable laundry facility. Security is paramount, with all units equipped with a full commercial sprinkler system. Parking is plentiful, encompassing two covered spaces, 6-8 open spots, and abundant on-street options. This exceptional opportunity comes with an unparalleled location, positioning you at the epicenter of Old Town Florence's allure. Experience the epitome of coastal living while capitalizing on a promising investment venture.
Location
State OR
County Lane
Area _228
Zoning OTDB
Rooms
Basement None
Interior
Heating Mini Split
Cooling Heat Pump
Exterior
Garage Spaces 10.0
View Y/N true
View Bay, River
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Foundation Slab
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Siuslaw
Middle Schools Siuslaw
High Schools Siuslaw
Others
Acceptable Financing CallListingAgent, Cash, Conventional, OwnerWillCarry
Listing Terms CallListingAgent, Cash, Conventional, OwnerWillCarry
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