$275,000 909 N Central Avenue Medford, OR

MLS: 2972815   Type: Single Family   County: Jackson   City: Medford   Area: West Medford   Zip: 97501     Stories: 2   Taxes: $3,494

Mortgage $1,291 /mo

Beds

Baths

Half Baths

Sqr Footage

Acres

Built

10

5

1

4,537

0.7

1906

Here is an opportunity to purchase multifamily housing with great future development potential. City of Medford says up to 24 units may be built on this site. Currently property consists of four units: 1) A two story 5 bedroom, 2.5 bath home featuring 2213 sqft with scheduled rents of $800 per month, 2) A duplex totaling 1162 sqft, with a 1 bedroom, 1 bath with scheduled rents of $395, and a 2 bedroom 1 bath unit with scheduled rents of $410 per month, and 3) an 1162 sqft 2 bedroom 1 bath home with scheduled rent of $410 per month. All units are fully occupied and with long term tenants. Current owner keeps rents low, despite market conditions that call for an increase.

Elementary School

Middle School

High School

Ja Jackson
Distance: N/A Miles
Ja Mcloughlin
Distance: N/A Miles
Ja North Medford
Distance: N/A Miles

Price History

1/22/2017 Listed $350,000
2/6/2017 8% - $325,000
2/23/2017 8% - $300,000
7/11/2017 9% - $275,000

Property SubType Residential
Property Type Residential
Zoning C-H

Interior Features

1/4 Baths 0
3/4 Baths 0
Full Baths 5
Half Baths 1
Heat Source Electric
Heating Baseboard
Levels Two
Living Area 4537.00

Exterior Features

Construction Materials Frame
Exterior Features Patio
Lot Size Acres 0.70
Lot Size Source (Assessor)
Lotsizeunits Acres
Roof Composition
Sewer Public (CIty)
Terrain Level
View Territorial
WaterSource Public

Property Schools



Direct Link:

http://rockwellrealestate.com/property/191-2972815-909-N-Central-Avenue-Medford-OR-97501

Gallery (3 photos)

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Property vs Zip Code Avg (97501)

Price 275K Avg 539K

Sqr Feet 4,537 Avg 2,070

Cost / Sqr Ft $61 Avg $261

Taxes $3,494 Avg $3,052

Acres 0.7 Avg 5.51

Visits 971 Avg 98

Days on Site 182 Avg 66

Walkscore® 75 Avg 36

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Listing Provided Courtesy Of: Rockwell Real Estate




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Location & Address

Rockwell Real Estate
229 N Bartlett St
Medford, OR
541-500-0839