108 Columbus AVE, Medford, OR 97501
108 Columbus AVE, Medford, OR 97501
108 Columbus AVE, Medford, OR 97501
108 Columbus AVE, Medford, OR 97501
108 Columbus AVE, Medford, OR 97501
108 Columbus AVE, Medford, OR 97501
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Joey Morgan

Joey Morgan

+1(541) 771-1379
$ 362,000
Est. payment | /mo

1,712 SqFt

Save
$ 362,000
Est. payment | /mo
Save

1,712 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,712 sqft

Price per Sqft $211

Subdivision Bryant Addition

MLS Listing ID 220223684

Style Bungalow

Year Built 1906

Annual Tax Amount $1,886

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 0.11

Property Sub-Type Triplex

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 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.

Location

State OR

County Jackson

Community Bryant Addition

Direction From W Main St, North on N Columbus Ave to address on Right.

Rooms

Basement None

Interior

Interior Features Built-in Features, Ceiling Fan(s), Fiberglass Stall Shower, Laminate Counters, Shower/Tub Combo

Heating Baseboard, Natural Gas, Wall Furnace

Cooling None

Window Features Aluminum Frames,Vinyl Frames

Exterior

Parking Features Alley Access, On Street

Roof Type Composition

Building

Lot Description Fenced, Level

Foundation Concrete Perimeter

Water Public

Architectural Style Bungalow

Level or Stories One

Structure Type Frame

New Construction No

Schools

High Schools South Medford High

Others

Senior Community No

Tax ID 10402583

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Oregon Datashare (MLSCO/SOMLS/KCAR)
Listed by John L Scott Real Estate Grants Pass

Nearby Locations

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Joey Morgan
Joey Morgan

Agent

+1(541) 771-1379 | joseph.t.morgan@exprealty.com

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108 Columbus AVE