2921 Table Rock RoadMedford, OR 97501
Current cap rate of 8.956% offers strong cash flow performance while recent improvements--including the addition, kitchen upgrades, and fresh paint--help reduce immediate capital expenditure needs. Investment opportunity with multiple income streams and future development potential. This versatile property currently features three rented residential units, four rented RV parking spaces, and six additional RV/boat parking spots with room to increase revenue. Zoned and positioned for future growth, the property can be divided into two separate lots, each allowing up to four units, creating exceptional long-term expansion potential for investors or developers. Rare combination of stabilized income, value-add opportunity, flexible parking/storage revenue, and future density potential in one property.
- Property Type:
Residential Income
- Architectural Style:
Contemporary, Traditional, Other
- Bedrooms:
- Bathrooms:
0
- Dwelling Size:
0 SqFt
- Lot Size:
0.46 Acres
- Lot Description:
- Stories:
- Year Built:
1940
- Interior Features:
- Exterior Features:
- Parking:
Garage or Parking Spaces:
Features: Assigned, Driveway, RV Access/Parking, Other
- Area:
- Views:
Neighborhood
- Schools:
High School(s): North Medford High
Middle School(s): McLoughlin Middle
Elementary School(s): Howard Elem
- HOA:
- Senior Community:
- Heating:
Electric,Forced Air,Natural Gas,Wall Furnace
- Cooling:
Central Air,Heat Pump,Wall/Window Unit(s)
- Appliances:
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
- Foundation:
Block,Concrete Perimeter
- Roof:
Asphalt,Composition,Metal