215 N IVY STMedford, OR97501
$745,000
5 total units
$96,852 annual income
Capitilization Rate: 9.52
0.23 acres
SqFt10000to14999
Elementary School: Jackson
Middle School: McLoughlin
High School: South Medford
Zoning: C-C
83 days on market
VestorFilter™
Price per unit$149K/unit
Price per acre$3.24M/ac
Time on market83 days
Property Description
Investors special! Two 5-Plexes on one commercially zoned tax lot! At list price, these units are bringing in a 9.4% cap rate (doesn't include management fee). Roofs on each building are less than 5 years old and various updates such as flooring, interior paint, & windows have been done in a few of the units. 215 N Ivy has an attached single car garage and tons of storage as well. Back alley access allows ample parking. Each unit has its own gas and power meter. One of the cheapest price per units on the market in Southern Oregon, so contact your agent today for a personal tour, before it's too late!
{{ compliance-logo }}Listing Provided By John L. Scott Medford
Financial Data
Original Price$745,000
Current Price$745,000
Property Taxes$6,441
Find On Map
Home Facts
StatusPending
Year Built1930
Exterior Features
MLS ID24644382
Unit Details
Unit 1
Unit 2