381 9TH ST, Springfield, OR 97477

Property Description

Turnkey investment opportunity in Springfield’s Historic Washburn District! This 1900 Victorian is currently operating as a successful short-term rental with a strong rental history and is generating approximately $45,000–$60,000 in annual gross rental income. The home offers two separate living spaces with private entrances, creating excellent flexibility for investors or owner-occupants. The front unit features 2 bedrooms, 1 bathroom, high ceilings, a gas fireplace, covered front porch, fenced yard, and charming period character. The upstairs unit offers 1 bedroom, 1 bathroom, an updated bathroom and kitchenette, making it ideal for guests or extended stays. Laundry and the attached garage are currently utilized for short-term rental operations and owner supplies. Conveniently located near restaurants, shopping, coffee shops, public transportation, and with easy access to area freeways. Buyer to perform their own due diligence regarding the continued use of the property as a short-term rental/Airbnb and any applicable city, county, or state regulations. Seller is completing a 1031 exchange. Please do not disturb tenants.!