799 Spring St - Apartments FOR SALE


Medford, OR 97504
$470,000 USD
541-554-7828
799 Spring St, Medford, OR for Sale
$470,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

799 Spring St
Medford, OR 97504


HIGHLIGHTS

  • Cable Available
  • Electricity Available
  • Natural Gas Available
  • Phone Available

OVERVIEW

The subject property consists of an 8-unit guest housing complex and meeting/community room located on Spring Street, adjacent to the Providence Medford Medical Center campus. The dwelling units are basic, each with an entry room, a bedroom, and a bathroom. There are no kitchens or other amenities that are common in normal apartment units. The total property size is approximately 0.19 Acres, and total improved building square footage is approximately 4,824 SF per Country Assessors data. There are two separate 2-story buildings containing 4 units apiece, with a shared central courtyard/ common area. The Southernmost apartment building is connected to the meeting/community room. Approximate building/square footage breakdown is as follows (per Country Assessor’s date): Two 2-story housing buildings: 8 units, 4,032 SF total (4 up; 4 down; each unit approx. 504SF) Community/meeting room: Approx. 792 SF; Contains kitchen and laundry facilities. The buildings were built in 1979. Seller does not have any information on the condition of the building systems. There was a water leak in one of the dwelling units that caused damage which is currently unrepaired. Dwelling units have not been used/occupied for several years now. Buyer to do its own due diligence in regard to the property condition.

FOR SALE DETAILS

PRICE

$470,000 USD

PRICE/SF

$57 USD /SF

# OF UNITS

8

PRICE/UNIT

$58,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

C-S/P

APN/PARCEL ID

10609766

ASK ABOUT THIS PROPERTY

Jeremy LeeverPulver & Leever Real EstateMore Info
541-554-7828

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Jeremy LeeverPulver & Leever Real EstateMore Info
541-554-7828

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