Description
Cross-streets: Jackson St & Crater Lake Ave
Sq Ft: ~2,500 s.f.
Lot Size: 9,148 s.f.
Year Built: 1906 & later
APN: 10362693; Jackson County
Access: Call/ E-mail/Text for Access
This Vintage 2-story with basement, detached garage, and extra living quarters is zoned for and has potential of 4 units. Total potential living area is ~2,500 sf. Prime location near shopping, walking distance to local hospital and downtown. Zoning allows (4) units. It currently has 3 living quarters finished and available with some TLC, & 1 more that could be a 4th living space, an office, or used for a combination of both. New solar panels late 2024. Roof , Heat Pump and Sewer is ~6 yrs old.
Unit 1: Main 3/2 + Laundry in Main House (mostly remodeled, needs some cosmetic work upstairs)
Unit 2: 1/1 Living Quarters, Separate Office, or could be an Office combined with Unit 1 (roughed in, needs to be finished)
Unit 3: 1/1 Studio in Basement of Main House (currently livable/occupied)
Unit 4: Separate Living Quarters in Back Yard (remodeled/new)
Bonus Structure #1: Large 1 Car Garage/Workshop (detached with Electric)
Bonus Structure #2: Swimming Pool – concrete shell with drop-in liner already done; just finish it for added value.
Features/Amenities:
- ~2,500 s.f. | Lot: 9,148 s.f.
- Year Built: 1906 & later
- Zoned: C-S/P (Service Commercial & Professional Office)
- New Solar Panels in 2024 ($185/mo)
- Heat Pump & Sewer are just ~6 yrs old.
- Swimming pool has concrete shell plus plastic liner – needs to be finished.
- APN: 10362693; Jackson County
Financial Details:
- ARVE: ~$500,000+
- Rental potential:
– Unit 1: $1500/mo
– Unit 2: $700/mo
– Unit 3: $450/mo
– Unit 4: $1150/mo
TOTAL $3,800/mo
- 7% Cap Rate yields value of:
– $3,800 x 12 months = $45,600
– Deduct 25% expense ratio for taxes, insurance, etc. = $34,200
– 34,200 / 0.07 cap rate = $488,571 Value
– A 6% Cap Rate would yield value of $570,000!
Why This Deal?
- Prime Location in good area of popular Downtown Medford.
- Tremendous MIXED USE ZONING, allowing extra Units and Commercial Office.
- A lot of the work has already been done for you. Check out the videos & pix.
- Make some Repairs/Improvements and earn excellent monthly Cash Flow, or flip it based on Cap Rates and score big profits!
This property is Owner-occupied, so inspections must be scheduled. Do NOT Trespass or approach Property without an appointment.
Post Possession: Owner shall have up to 28 days to move out after closing, with a $10k Escrow Holdback to protect Buyer. If Owner needs more than 28 days to move, they can get up to 4 additional weeks to move, but at a cost of $500/week (or part thereof), which shall be paid to Buyer from the Escrow Holdback funds.
VIDEOS
This commercial House style property is located in Medford is currently For sale and has been listed on True Freedom Achievers. This property is listed at $ 325,000.00. It has 5 beds bedrooms, 4 baths bathrooms, and is 2500 sq ft. The property was built in 1906 year.
