Description
Great investment opportunity available in downtown Medford. This Tri-Plex consists of a 1938 built 2-story Duplex with approx. 3,114 sq ft. Upper unit is a 4 bed/2.0. Lower unit is a 3 bed/2.0. Both units have approx. 1,417 square feet with spacious floor plans. Hd-Wd floors & central heat/AC. There's also 1,233 sq.ft. of partially finished basement (1 bed/1.0 bath) for a potential additional unit. Buyer to do own due diligence with the City of Medford. This older building has been maintained with some updates. Patio & storage room. Rear unit #30 is a recent completely remodeled unit (from the studs out), which consists of a 2 bed/1.0 bath open floor plan with approx. 892 sq.ft. Stainless appliances, ductless wall Heat/AC unit. The front 2 units have 3+ off-street spaces, with 2 off-street spaces for Unit #30, which is provided by paved alley access. All units are rented and professionally managed. Total 2023 projected Annual Gross Income is approx. $56,100. Exp-Ratio is Approx. 15.82%
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9BEDS
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0.21ACRES
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5BATHS
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01/2 BATHS
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4,006SQFT
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$169$/SQFT
School Information
Description
Great investment opportunity available in downtown Medford. This Tri-Plex consists of a 1938 built 2-story Duplex with approx. 3,114 sq ft. Upper unit is a 4 bed/2.0. Lower unit is a 3 bed/2.0. Both units have approx. 1,417 square feet with spacious floor plans. Hd-Wd floors & central heat/AC. There's also 1,233 sq.ft. of partially finished basement (1 bed/1.0 bath) for a potential additional unit. Buyer to do own due diligence with the City of Medford. This older building has been maintained with some updates. Patio & storage room. Rear unit #30 is a recent completely remodeled unit (from the studs out), which consists of a 2 bed/1.0 bath open floor plan with approx. 892 sq.ft. Stainless appliances, ductless wall Heat/AC unit. The front 2 units have 3+ off-street spaces, with 2 off-street spaces for Unit #30, which is provided by paved alley access. All units are rented and professionally managed. Total 2023 projected Annual Gross Income is approx. $56,100. Exp-Ratio is Approx. 15.82%
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