429 N Holly Street, Medford, OR 97501
- $405,000
- List Price
- $405,000
- Price Change
- ▼ $20,000 1781505783
- Days on Market
- 159
- MLS#
- 220218682
- Acres
- 0.11
- Lot Size
- 4,791
- Year Built
- 1926
- subdivision
- N/A
Property Description
Investor opportunity with owner-financing potential! This spacious two-bedroom ground-floor unit comes with four separate studios on the second floor, plus a large garage. While the property requires some renovations, it currently generates an impressive annual income of $48,900, with a net profit over $38,000 annually, based on existing rents and condition. Enjoy the benefits of 100% occupancy and low turnover rates. Current rents are $1470, $675, $660, $650 and $620. Seize this unique chance to own five rental units in one property! This property is non-conforming and will likely not qualify for traditional financing, but there is potential for owner financing (6.5% amortized over 40 years with balloon payments). Sold as-is.
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Additional Information
- Style
- Craftsman
- Stories
- Two
- Foundation
- Concrete Perimeter, Pillar/Post/Pier
- Roof
- Composition
- Flooring
- Carpet, Hardwood
- View
- Neighborhood
- Cooling
- Wall/Window Unit(s)
- Heating
- Wall Furnace
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Jackson Elem
- Middle School
- Mcloughlin Middle
- High School
- South Medford High
- Taxes
- $2,498
- Zoning
- Mfr-20
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Listing courtesy of Millen Property Group.
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