MLS# 24074633 – 1935 Table Rock Rd, Medford, OR 97501 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Bridge Creek Realty.

Property Description

Description

20 Units

Status: Active

Year Built: 2023

Days on Website: 54

Brand new construction 20-unit, two-story apartment complex. Ideally located close to Highway 99 and Interstate 5 Exit 30. Each unit features a fully equipped kitchen, along with a Full-size washer and dryer. Unit amenities include mini-splits and a one-to-one parking ratio. New construction apartments in Oregon are given a 15-year exemption from rent control laws, providing flexibility for a new owner to set rents at the Property.

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Building Area Total:

13191

Built in 2023

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

WallUnit

Expenses

Operating Expense Scheduled:

85286

Operating Expense:

$74,686

Exterior Features

Exterior Description:

WoodSiding

Heating

Heating Available

Heating:

MiniSplit

Income

CAP Rate:

6.48

Gross Income:

$291,000

Gross Rent Multiplier:

11.34

Gross Scheduled Income:

$306,528

Net Operating Income:

$213,764

Net Scheduled Income:

219107

Listing

Contract Status Change Date:

2024-09-25

Days On Market:

Last Transaction Date:

2024-10-29 11:48:10

List Price:

$3,300,000

Listing Contract Date:

2024-09-25

Listing Id:

24074633

Mls Status:

Active

Modification Timestamp:

2024-10-29 11:48:10

On Market Date:

2024-09-25

Previous List Price:

$330,000

Rent Includes:

Sewer,Water

Standard Status:

Active

Location

MLS Area Major:

_802

County Or Parish:

Jackson

Lot

Size Acres:

0.51

Size Range:

SqFt20000toAcres1

Size Square Feet:

22,215

Size:

20,000 SqFt to .99 Acres

Parking

Features:

Assigned

20 total parking spots

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

C-C

Roof

Roof:

Composition

Schools

High School:

North Medford

Middle Or Junior School:

Hedrick

Elementary School:

Howard

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$15,084

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,172

Area:

553

Features:

AirConditioning,Dishwasher,Refrigerator,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$1,575

Area:

736

Features:

AirConditioning,Dishwasher,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$3,300,000 -

1935 Table Rock Rd Medford , OR 97501

MLS Area Major: _802

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 20, 2024 12:46PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.