Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 14-bedroom, 8-bathroom residential multi family at 1320 SPRUCE St in Florence, OR is listed for $1,500,000 ($230 per sqft). Built in 1984, the home offers 6,522 sqft of living space on a 0.59 acres lot.
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.
Key Features
- Built in 1984
- 0.59 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$8,022/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1320 SPRUCE St
Florence, OR 97439
Property Details
Views
Heating
Questions & Answers
This 14-bedroom, 8-bathroom residential multi family at 1320 SPRUCE St is listed at $1,500,000 ($230/sqft). The estimated monthly payment is $6,500 based on 20% down at 6.5% interest.
Key features include: Built in 1984, 0.59 acre lot, 2 stories.
This property is listed by Desiree Clifton and can be reached at 5419995223 or dclifton@windermere.com.