About This Home
This 0-bedroom, 0-bathroom residential multi family at 108 N Columbus Avenue in Medford, OR is listed for $362,000 ($211 per sqft). Built in 1906, the home offers 1,712 sqft of living space on a 0.11 acres lot.
Key Features
- Built in 1906
- 0.11 acre lot
Property Details
Well-maintained triplex with recent updates and strong income potential. Property features two attached 1 bed/1 bath units and one detached 2 bed/1 bath unit, offering a versatile unit mix for tenants. Units 1 and 2 have been extensively refreshed with new interior paint, flooring and carpet, updated kitchen cabinets, countertops, sinks, lighting, and bathroom sink/plumbing improvements.
All three units received a new roof in 2023, providing peace of mind for years to come. Separate gas and electric meters help simplify property management and tenant billing. Currently generating $35,820 in annual gross income. Under current operating performance, the property projects to a stabilized CAP Rate just under 8% based on trailing expense run-rate. A great opportunity for investors seeking a turnkey income-producing property with recent capital improvements already completed.
Monthly Cost Estimate
$1,936/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
108 N Columbus Avenue
Medford, OR 97501
Bryant Addition
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Pool Features
Parking
Heating
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 108 N Columbus Avenue is listed at $362,000 ($211/sqft). The estimated monthly payment is $1,936 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1906, 0.11 acre lot. Interior Features: Built-in Features, Ceiling Fan(s), Fiberglass Stall Shower.
This property is listed by Joshua M Emptage and can be reached at 5417616295.
