634 Colinwood CT Active Save Request In-Person Tour Request Virtual Tour
Medford,OR 97501
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $256
MLS Listing ID 220197736
Style Contemporary
Year Built 2023
Annual Tax Amount $9,171
Lot Size 0.530 Acres
Property Sub-Type Multi Family
Property Description
Premier Multi-Family Investment Opportunity! Welcome to this unique Cottage cluster. A recently built 8-plex offers a rare opportunity to own a turnkey, low-maintenance investment property in the heart of Medford, Oregon. Constructed in 2023, these modern, single-level residences are designed for maximum tenant appeal and long-term rental stability. Each of the eight 2-bedroom, 2-bathroom homes are thoughtfully designed with no common walls, providing a private and peaceful living experience. The high-quality finishes include granite countertops, laminate flooring, and in-unit laundry, ensuring strong tenant demand. The property is leased at $1,650 per unit, generating an impressive rental income around $158,400 annually. Estimated Annual Expenses are $20,567 (Includes water, sewer, trash, insurance, and property taxes) Net Operating Income (NOI): $137,833. Making a cap rate of: ~7.26%. This is an ideal property for investors seeking steady cash flow and appreciation potential.
Location
State OR
County Jackson
Interior
Heating Electric,Heat Pump
Cooling Ductless,Heat Pump
Exterior
Parking Features On Street
Roof Type Composition
Building
Lot Description Landscaped,Level,Sprinklers In Front
Foundation Slab
Builder Name Rory White
Water Public
Structure Type Frame
New Construction No
Schools
High Schools South Medford High
Others
Acceptable Financing Cash,Private Financing Available
Listing Terms Cash,Private Financing Available
Special Listing Condition Standard