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799 Spring St 8 Unit Apartment Building $470,000 ($58,750/Unit) Medford, OR 97504
INVESTMENT HIGHLIGHTS
- Cable Available
- Natural Gas Available
- Electricity Available
- Phone Available
EXECUTIVE SUMMARY
The subject property consists of an 8-unit guest housing complex and meeting/community room located on Spring Street, adjacent to the Providence Medford Medical Center campus. The dwelling units are basic, each with an entry room, a bedroom, and a bathroom. There are no kitchens or other amenities that are common in normal apartment units. The total property size is approximately 0.19 Acres, and total improved building square footage is approximately 4,824 SF per Country Assessors data. There are two separate 2-story buildings containing 4 units apiece, with a shared central courtyard/ common area. The Southernmost apartment building is connected to the meeting/community room. Approximate building/square footage breakdown is as follows (per Country Assessor’s date):
Two 2-story housing buildings: 8 units, 4,032 SF total (4 up; 4 down; each unit approx. 504SF)
Community/meeting room: Approx. 792 SF; Contains kitchen and laundry facilities. The buildings were built in 1979.
Seller does not have any information on the condition of the building systems. There was a water leak in one of the dwelling units that caused damage which is currently unrepaired. Dwelling units have not been used/occupied for several years now. Buyer to do its own due diligence in regard to the property condition.
Two 2-story housing buildings: 8 units, 4,032 SF total (4 up; 4 down; each unit approx. 504SF)
Community/meeting room: Approx. 792 SF; Contains kitchen and laundry facilities. The buildings were built in 1979.
Seller does not have any information on the condition of the building systems. There was a water leak in one of the dwelling units that caused damage which is currently unrepaired. Dwelling units have not been used/occupied for several years now. Buyer to do its own due diligence in regard to the property condition.
PROPERTY FACTS Under Contract
| Price | $470,000 | Apartment Style | Low-Rise |
| Price Per Unit | $58,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| No. Units | 8 | Building Size | 8,182 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1979 |
| Zoning | C-S/P - Commercial - Service & Professional Office | ||
| Price | $470,000 |
| Price Per Unit | $58,750 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 8,182 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Zoning | C-S/P - Commercial - Service & Professional Office |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Door to Door
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 10609766 | Improvements Assessment | $377,050 |
| Land Assessment | $165,000 | Total Assessment | $542,050 |
PROPERTY TAXES
Parcel Number
10609766
Land Assessment
$165,000
Improvements Assessment
$377,050
Total Assessment
$542,050
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799 Spring St
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