215 N IVY STMedford, OR97501
$819,900
$90,720 annual income
Capitilization Rate: 7.41
SqFt10000to14999
Middle School: McLoughlin
Zoning: C-C
394 days on market
VestorFilter™
Recent price drop$30,100
Time on market394 days
Property Description
Looking for a bang for your buck deal in the heart of Medford? If so, this is the one for you! These two 5-plexes sit on one tax lot within a commercial zoning (C-C). All units are currently under-rented. One hot water heater serves all the units. 215 Ivy has a large basement and attached garage for extra storage. Alley in the back allows for ample parking. Each unit has its own gas and power meter. Owner covers water, sewer, and trash. Over the past few years, the owner has installed a new roof (Fontana Roofing) on each building and updates (flooring, windows, & paint) in a few of the units.
{{ compliance-logo }}Listing Provided By John L. Scott Medford
Financial Data
Price ChangeDropped $30,100 on 05/12/2023
Total $80,100 drop
Total $80,100 drop
Original Price$900,000
Current Price$819,900
Property Taxes$6,284
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Home Facts
StatusActive
Year Built1930
MLS ID23107405