108 N Columbus Avenue, Medford, OR 97501
- $359,000
- List Price
- $359,000
- Price Change
- ▼ $3,000 1784863793
- Days on Market
- 84
- MLS#
- 220223684
- Acres
- 0.11
- Lot Size
- 4,791
- Year Built
- 1906
- subdivision
- Bryant Addition
Property Description
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 mini-splits, 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.
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Additional Information
- Style
- Bungalow
- Stories
- One
- Foundation
- Concrete Perimeter
- Roof
- Composition
- Flooring
- Carpet, Laminate, Vinyl
- Interior Features
- Built-in Features, Ceiling Fan(s), Laminate Counters, Shower/Tub Combo, Fiberglass Stall Shower
- Appliances
- Dryer, Range, Refrigerator, Washer, Water Heater
- Cooling
- None, Zoned, Ductless
- Heating
- Baseboard, Ductless, Natural Gas, Wall Furnace, Zoned
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Jackson Elem
- Middle School
- Mcloughlin Middle
- High School
- South Medford High
- Taxes
- $1,886
- Zoning
- SFR-10
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Listing courtesy of John L Scott Real Estate Grants Pass.
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