Description
Fantastic opportunity for owner-investors or seasoned investors. This property features two updated 2-bed/1-bath units, each with its own washer/dryer, in a highly desirable location boasting an 80 Walk Score and 100 Bike Score. Two addresses (1259 and 1261) and two meters for utilities. Just one mile from the University of Oregon and near the Lane County Historical Museum and Lane Events Center. The front home offers 954 sq ft of living space, mostly furnished, with new heat pump & ductless mini-splits, plus new roof in 2023. There is an additional 524 sq ft and 3 rooms with potential for future expansion or an additional rental. The back home provides 880 sq ft, mostly furnished, and a reliable long-term tenant. The property includes a detached one-car garage, great neighbors, and strong income-generation potential which make this a standout investment in an exceptionally convenient location. Do not disturb tenant in back house.
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4BEDS
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0.14ACRES
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2BATHS
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01/2 BATHS
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2,358SQFT
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$254$/SQFT
School Information
Description
Fantastic opportunity for owner-investors or seasoned investors. This property features two updated 2-bed/1-bath units, each with its own washer/dryer, in a highly desirable location boasting an 80 Walk Score and 100 Bike Score. Two addresses (1259 and 1261) and two meters for utilities. Just one mile from the University of Oregon and near the Lane County Historical Museum and Lane Events Center. The front home offers 954 sq ft of living space, mostly furnished, with new heat pump & ductless mini-splits, plus new roof in 2023. There is an additional 524 sq ft and 3 rooms with potential for future expansion or an additional rental. The back home provides 880 sq ft, mostly furnished, and a reliable long-term tenant. The property includes a detached one-car garage, great neighbors, and strong income-generation potential which make this a standout investment in an exceptionally convenient location. Do not disturb tenant in back house.
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Listing provided courtesy of Windermere RE Lane County: 541-912-4140.