1808 SPRING STMedford, OR97504

$1,895,000
$168,000 annual income
Capitilization Rate: 6.01
Acres1to3
Elementary School: Lone Pine
Middle School: Hedrick
High School: North Medford
Zoning: C-N
349 days on market

VestorFilter™

Time on market349 days

Property Description

Fantastic investment opportunity for those seeking a stable and profitable venture! Sitting on a spacious 2-acre lot, this East Medford property boasts 8 single level houses and 1 single level duplex, offering a total of 10 units. The property has a great rental history, making it easy to rent and maintain a high occupancy rate. One of the unique features of this property is its zoning classification as C-N, providing possibility for high-density growth or further expansion and increased rental potential in the future. Highly desirable location close to amenities such as parks, dining, and shopping. The property also offers a sense of privacy with its mature trees surrounding the area. This property is an excellent investment opportunity for those looking for a stable and profitable rental business. 8 units are either rented or in the process of being filled and two more units are close to being completed and rented

{{ compliance-logo }}Listing Provided By eXp Realty, LLC

Financial Data

Original Price$1,895,000
Current Price$1,895,000
Property Taxes$10,462

Find On Map

Home Facts

StatusActive
Year Built1947
Exterior Features
MLS ID23106228