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838 Bennett Ave
Medford, OR 97504
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 7,720 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Building Class | C | Year Built | 1976 |
| Zoning | C-S/P | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 7,720 SF |
| No. Stories | 2 |
| Year Built | 1976 |
| Zoning | C-S/P |
ABOUT 838 BENNETT AVE , MEDFORD, OR 97504
Great opportunity with this well located 8 plex fully rented with 2 bedroom/ 1 bath units. Each unit is approx. 634 sqft. Building is in solid shape with the owner doing upgrades and repairs as they come up or when there is turnover. Being a couple blocks away from the Medford Center that is in the process of being transformed to a vibrant entertainment & dining center that will include multiple new restaurants and a microbrewery coming in to add to the already established Tinseltown movie theatre and other retail shops. Centrally located to downtown, parks, schools make this a great rental investment. Rents are increasing as of April 1st to $750/ month for 7 of the units with the 8th unit already at $795/ month. Improve the return by further increasing rents over time. Several tenants are subject to year leases with several long-term tenants. Cap rate on increased rents is approx. 7%. Owner will carry with qualified buyer. SW on E. Main St, left on Central, L on E. 8th St, R on E Main St, L on Crater Lake Ave, L on Bennett Ave. Property is on the left.
PROPERTY TAXES
| Parcel Number | 10330736 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $692,680 |
PROPERTY TAXES
