Home For Sale In Medford, Oregon

townhouse for sale

Listed: 06/09/24

2220-2224 Crater Lake Ave, Medford, Oregon, 97504

Studio Bed:

10,172 Sq Ft Living Area:

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Price

$ 1,7M

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About This Townhouse

Welcome to East Medford's prime investment! Two contemporary 4-plexes, 2017-built, boast 8 townhouse-style units. Fully occupied, well maintained, ideal for discerning investors. Each building features two 3-bed, 2.5-bath and two 2-bed, 2-bath units, catering to diverse tenant needs. Modern design, well-appointed interiors ensure tenant satisfaction. Equipped with appliances including ranges, dishwashers, refrigerators and washers and dryers, these units offer convenience. Ideal location provides easy access to amenities, making it highly desirable to tenants. Fully occupied with below market rents, offering income appreciation potential. Newer construction offers exempt status from state rent control regulation, allowing flexibility in adjusting rental rates to reflect market trends. Current Cap at a respectable 5.4%, poised to reach 6.7% with market-aligned rents. Buyers advised to verify rental regulations. Rare opportunity to secure a great investment property in East Medford!

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Townhouses for sale in Medford

Original listing

Medford Housing & Living

Household Income

Median household income: $45,361

Number of households: 30,805

The average household income in Medford, OR grew from $44,130 to $45,361 in the past year. This data is an estimate based upon 30,805 households in Medford, OR.
The chart below presents how household income is distributed in Medford, OR in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $2k-$3k

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Medford, OR compared to median property taxes around the country. The prevalent amount of property taxes in Medford, OR equals $2k-$3k , which is less than the national average.