108 N Columbus AvenueMedford, OR 97501
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 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 $35,820 in annual gross income. Under current operating performance, the property projects to a stabilized CAP Rate just under 8% based on trailing expense run-rate. A great opportunity for investors seeking a turnkey income-producing property with recent capital improvements already completed.
- Property Type:
Residential Income
- Architectural Style:
Bungalow
- Bedrooms:
- Bathrooms:
0
- Dwelling Size:
0 SqFt
- Lot Size:
0.11 Acres
- Lot Description:
- Stories:
- Year Built:
1906
- Interior Features:
Built-in Features, Ceiling Fan(s), Fiberglass Stall Shower, Laminate Counters, Shower/Tub Combo
- Exterior Features:
- Parking:
Garage or Parking Spaces:
Features: Alley Access, On Street
- Area:
- Views:
- Schools:
High School(s): South Medford High
Middle School(s): McLoughlin Middle
Elementary School(s): Jackson Elem
- HOA:
- Senior Community:
- Heating:
Baseboard,Natural Gas,Wall Furnace
- Cooling:
None
- Appliances:
Dryer, Range, Refrigerator, Washer, Water Heater
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
Carbon Monoxide Detector(s), Smoke Detector(s)
- Foundation:
Concrete Perimeter
- Roof:
Composition