1152 MAIN ST, Unknown, OR 97477
- $2,100,000
- List Price
- $2,100,000
- Days on Market
- 3
- MLS#
- 477023850
- Property Type
- Multifamily
- Lot Size
- 20, 000 SqFt to .99 Acres
- Region
- Lane Co: Santa Clara
- Status
- ACTIVE
Property Description
Unlock the potential of this exceptional redevelopment opportunity w/ a property ideally suited for conversion into much-needed apartments. Located in a highly desirable area w/ convenient access to downtown Springfield, the University of Oregon, major employers, shopping, dining, public transportation & everyday amenities, this property offers an outstanding foundation for investors seeking to capitalize on the growing demand for rental housing. Listed at under $100k per door this amazing opportunity will not last long! The existing hotel layout provides an ideal framework for apartment conversion w/ many units already having kitchenette plumbing in the walls, all furniture included, units each feature private bathrooms, spacious floor plans, mini refrigerators, on site laundry & storage. These features can streamline the transition into comfortable studio or one-bedroom apartments. The property has been extensively maintained & updated, offering peace of mind for future ownership. Recent improvements include a newly paved parking lot completed in 2024, a membrane roof replaced in 2020, a new shingle roof installed in 2022, fresh exterior paint, seven on-site storage units, ample parking including covered spaces & lots of parking. An additional highlight is the spacious owner's residence, which could be repurposed as a larger rental unit, leasing office or community amenity space. The residence features a private entrance, updated kitchen w/ granite countertops, luxury vinyl plank flooring, dining area, generous living room, fenced yard, ductless heating and cooling, remodeled bathroom, oversized bedroom with dual closets, private laundry, and direct access to the office. With strong fundamentals, significant infrastructure updates already completed & flexible redevelopment possibilities, this property presents an exceptional opportunity to create a high demand apartment community with outstanding upside potential!
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Additional Information
- Tax Amount
- $15,756
- Year Built
- 1941
- High School
- Other
- Elementary School
- Other
- Middle School
- Other
- Acres
- 0.58
- Stories
- 2
- Terms
- Cash, Conventional, Owner Will Carry
- Cooling Description
- Mini Split, Wall Unit(s)
- Fuel Description
- Electricity
- Heating Description
- Ductless, Other
- Hoa Rent Includes
- Sewer, Water
- Hot Water Description
- Electricity
- Exterior Description
- Block, Stucco, Wood Siding
- Roof Type
- Composition, Membrane
- Sewer Description
- Public Sewer
- Parking
- Covered, Open
- Parking Description
- Covered, Open
- Road Surface
- Paved
- Number Of Units Total
- 26
- Unit Type One Baths Total
- 1
- Unit Type One Rent
- 1000
- Unit Type One Sq Ft
- 180
- Unit Type One Units Total
- 25
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 1
- Unit Type Two Units Total
- 1
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Listing courtesy of Hybrid Real Estate.
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