Great investment opportunity in popular East Medford neighborhood. This lot with 2 single level homes sit close to Providence, Asante, shopping, golf courses and have excellent rental history. Both units have long term tenants. They both are rented under current market value due to history and reliability of tenants. They are both eligible for increases with the potential for 6% cap rate.
Closed
$379,000
303-305 Portland Ave, Medford, OR 97504
5beds
0baths
2,101sqft
Multi Family, Manufactured Home
Built in 1955
-- sqft lot
$430,800 Zestimate®
$180/sqft
$1,651 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 05, 2024 at 07:34pm
Listed by:
John L. Scott Medford 541-779-3611
Bought with:
Home Quest Realty
Source: Oregon Datashare,MLS#: 220156489
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 0
- Full bathrooms: 2
Heating
- Electric, Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Oven, Range
Features
- Flooring: Carpet, Laminate, Vinyl
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,101
- Total interior livable area: 2,101 sqft
Property
Parking
- Parking features: Detached, Gravel
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 6,969 sqft
Details
- Parcel number: 10377184
- Zoning description: SFR-10
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family, Manufactured Home
Materials
- Frame
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Medford
- Subdivision: Imperial Addition
Other
Other facts
- Listing terms: Cash,Owner Will Carry