31 Elm Street, Medford, OR 97501
- $485,000
Listing courtesy of John L. Scott Medford.
- List Price
- $485,000
- Days on Market
- 25
- MLS#
- 220170495
- Acres
- 0.17
- Lot Size
- 7,405
- Year Built
- 1925
- subdivision
- N/A
Property Description
Fantastic income-producing property located conveniently in town close to the bus route, stores & shopping. This unique property features two completely remodeled houses on one lot, generating an impressive income of $3,150 per month. The front house boasting 852 sq ft offers 2 bedrooms & 1 bathroom currently rented for $1,750 per month. The second home is 780 sq ft featuring 1 bedroom & 1 bathroom, currently rented for $1,400 per month. Both units come fully equipped w/ range ovens, microwaves, fridges, and washer/dryers, ensuring utmost convenience for tenants. Recent upgrades include fresh carpeting, fresh paint, new windows, new cabinets, and ductless heating and air systems for modern comfort. Each unit also features its own fenced yard area, providing privacy & outdoor space for the tenants who are eager to stay. Don't miss out on this incredible opportunity to own a great income-producing property. With a great cap rate, this is an investment that you won't want to pass up
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Additional Information
- Stories
- One
- Roof
- Composition, Metal
- Flooring
- Carpet, Hardwood, Other, Vinyl
- Interior Features
- Built-in Features
- Cooling
- Wall/Window Unit(s)
- Heating
- Ductless, Wall Furnace
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Washington Elem
- Middle School
- Mcloughlin Middle
- High School
- South Medford High
- Taxes
- $1,671
- Zoning
- MFR-20
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