Merit Commercial Real Estate is pleased to exclusively present for sale 124 S 63rd Street, a clean, quintessential fourplex located in beautiful east Springfield, Oregon (the "Property").
A rare public offering of a newer-vintage four-unit multifamily property in Springfield, the Property presents a great opportunity for investors or owner-occupants to step into an established, income-producing asset in a mature neighborhood.
The property itself consists of four units, across two buildings on one tax lot, sited on the corner of Main Street and S. 63rd Street.
The 2-story SFR houses the largest standalone unit at the Property, consisting of 2-bedrooms / 1.5-bathrooms, and attached enclosed garage, across approx. 1,523 SF.
The separate 2-story triplex on the same tax lot houses (3) 1-bed / 1-bathroom units, each situated above a dedicated enclosed garage.
The three efficient 1-bedroom units have a strong rental history, and help maximize the layout and income potential of the Property.
Each unit enjoys private, dedicated fenced yard space, and abundant greenery dots both the Property and the surrounding neighborhood.
While sited on the corner lot, the property is within a quieter neighborhood, and is walking distance to parks multiple parks as well as a short walk to Thurston High School, Thurston Middle, and Ridgeview Elementary. The Property enjoys direct access to all of Springfield and Eugene via Main Street.
The rent roll shows material room on rents, with two of the tenants at below market rates.
While currently fully occupied, two tenants are month-to-month, possibly allowing for an owner-occupant purchase - contact brokers for more info. 124 S. 63rd Street is an attractive opportunity to unlock significant value from both a desirable neighborhood and a proven sub-market.
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