2220-2224 Crater Lake Avenue
Medford,
OR
97504
Property Details
List Price: |
$1,700,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
eXp Realty, LLC |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
2017 |
Notes: |
Welcome to East Medford's prime investment! Two contemporary 4-plexes, 2017-built, boast 8 townhouse-style units. Fully occupied, well maintained, ideal for discerning investors. Each building features two 3-bed, 2.5-bath & two 2-bed, 2-bath units, catering to diverse tenant needs. Modern design, well-appointed interiors ensure tenant satisfaction. Equipped with appliances including ranges, dishwashers, refrigerators and washers and dryers, these units offer convenience. Ideal location provides easy access to amenities, making it highly desirable to tenants. Fully occupied with below market rents, offering income appreciation potential. Newer construction offers exempt status from state rent control regulation, allowing flexibility in adjusting rental rates to reflect market trends. Current Cap at a respectable 5.4%, poised to reach 6.7% with market-aligned rents. Buyers advised to verify rental regulations. Rare opportunity to secure a great investment property in East Medford! |
MlsNumber: |
220183982 |
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Listing Provided By: |
eXp Realty, LLC, original listing |
Name: |
eXp Realty, LLC |
Phone: |
(541) 292-4444 |
Office Name: |
eXp Realty, LLC |
Office Phone: |
(541) 292-4444 |
Agent Name: |
Jacob Rockwell |
Disclaimer: |
Copyright © 2024 Southern Oregon MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |