607 W 2nd St | Medford, OR 97501
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607 W 2nd St
Medford, OR 97501
Income Producing!#220190039 · Multifamily Property For Sale · 2 Units
Executive Summary
12/03/24 Price Reduced!!
Income producing Duplex! Centrally located. Recent improvements in 2023 include: new gutters and new exterior paint. Both units are currently rented with long-term tenants and all wish to stay. Unit #1 is a one bedroom, one bathroom and is rented for $700.00 per month. Unit #2 is a one bedroom, one bathroom and is rented for $675.00 per month. Gross income of $16,500. Property being sold as-is.
Income producing Duplex! Centrally located. Recent improvements in 2023 include: new gutters and new exterior paint. Both units are currently rented with long-term tenants and all wish to stay. Unit #1 is a one bedroom, one bathroom and is rented for $700.00 per month. Unit #2 is a one bedroom, one bathroom and is rented for $675.00 per month. Gross income of $16,500. Property being sold as-is.
PROPERTY FACTS
| Price Per Unit | $112,500 | Apartment Style | Low Rise |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 4.36% | Building Size | 1,259 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1910 |
| Price Per Unit | $112,500 |
| Sale Type | Investment |
| Cap Rate | 4.36% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.13 AC |
| Building Size | 1,259 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1910 |
Amenities
- Smoke Detector
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Carpet
- Yard
- Garden
- Lawn
Site Amenities
- Recycling
- Trash Pickup - Curbside
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $687.50 | 600 - 659 |
zoning
| Zoning Code | SFR-10 (Single Family Units up to 10 allowed) |
| SFR-10 (Single Family Units up to 10 allowed) |
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