139 Almond St - Apartments FOR SALE


Medford, OR 97504- Downtown Medford
$625,000 USD
541-944-9967
139 Almond St, Medford, OR for Sale
$625,000 USD
Apartments - FOR SALE
1/48
null | Request Cap Rate

139 Almond St
Medford, OR 97504
Downtown Medford


OVERVIEW

Merit Commercial Real Estate is pleased to exclusively present 139 Almond Street, a four-unit multifamily asset located in Medford, Oregon (the "Property"). All tenants are currently on month-to-month leases, and currently rents are below market, providing flexibility to implement rent increases. Expense splits are very standard, with the LL provided water, sewer, and garbage, and the tenant(s) covering unit-power, internet, etc. Situated on a 0.40 acre corner lot, the Property features a well-maintained, newer vintage ±3,112 SF two-story apartment building with a single roof-line. Individual unit sizes weren't measured, but County records indicate that there is 976 SF of interior finished space on the first level and ± 2,136 SF on the second level. The layout of the building is extremely efficient and highly functional, with a balanced unit mix including (2) 1-bed / 1-bath units on the second level, and (2) 2-bed / 1.5 -bath units both on the upper and lower level. Each unit is above-average in terms of condition, cleanliness, and maintenance. The Property also includes three attached garages located on the western side of the building, below unit A, and are designated for units A-C. The Property also includes several tuckunder parking spaces located on the eastern side of the building available for unit D. Additionally, the townhome-style units B and C include oversized, private fenced rear patios with nice tree and foliage cover. The entirety of the Property enjoys substantial mature landscaping and greenery. Key highlights of the Property include its recent and modern construction quality, central location, and excellent interior condition. The opportunity at 139 Almond Street is clear for prospective investors or owner-occupants. Buyer is responsible for any and all due diligence. Contact the listing brokers today for additional information. Please do not disturb tenants.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

-

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Almond Gardens Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2003

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

MFR-20

APN/PARCEL ID

10370718

ASK ABOUT THIS PROPERTY

Caspian HoehneMerit Commercial Real Estate LLCMore Info
541-944-9967

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Caspian HoehneMerit Commercial Real Estate LLCMore Info
541-944-9967

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.