108 N Columbus Avenue, Medford, OR 97501
- $359,000
- List Price
- $359,000
- Status
- ACTIVE
- Days on Market
- 84
- Price Change
- ▼ $3,000 1784863793
- MLS#
- 220223684
- Subtype
- Residential Income
- Style
- Bungalow
- Year Built
- 1906
- Lot Size
- 4,791
- Acres
- 0.11
- Subdivision
- Bryant Addition
- Neighborhood
- Bryant Addition
Property Description
Well-maintained triplex with recent updates and strong income potential. Property features two attached 1 bed/1 bath units and one detached 2 bed/1 bath unit, offering a versatile unit mix for tenants. Units 1 and 2 have been extensively refreshed with mini-splits, new interior paint, flooring and carpet, updated kitchen cabinets, countertops, sinks, lighting, and bathroom sink/plumbing improvements. All three units received a new roof in 2023, providing peace of mind for years to come. Separate gas and electric meters help simplify property management and tenant billing. Currently generating $39,120 in annual gross income. Under current operating performance, the property projects to a stabilized CAP Rate just under 8.86% based on trailing expense run-rate. A great opportunity for investors seeking a turnkey income-producing property with recent capital improvements already completed.
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Additional Information
- Interior Features
- Built-in Features, Ceiling Fan(s), Laminate Counters, Shower/Tub Combo, Fiberglass Stall Shower
- Taxes
- $1,886
- Property Description
- Bungalow
- Zoning
- SFR-10
- Flooring
- Carpet, Laminate, Vinyl
- Appliances
- Dryer, Range, Refrigerator, Washer, Water Heater
- Heating
- Baseboard, Ductless, Natural Gas, Wall Furnace, Zoned
- Air Conditioning
- None, Zoned, Ductless
- Stories
- One
- Levels
- One
- Roof
- Composition
- Foundation
- Concrete Perimeter
- Parking Features
- Alley Access, On Street
- Elementary School
- Jackson Elem
- Middle School
- Mcloughlin Middle
- High School
- South Medford High
Listing courtesy of John L Scott Real Estate Grants Pass.
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The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Last updated: