OR > Medford
Medford, OR 97501,634 Colinwood CT
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Medford, OR 97501,634 Colinwood CT
Medford, OR 97501,634 Colinwood CT
Medford, OR 97501,634 Colinwood CT
Medford, OR 97501,634 Colinwood CT
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Ellie George

Ellie George

+1(541) 601-9582
$ 1,850,000
Est. payment /mo
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Price Dropped by $49K

634 Colinwood CT Medford, OR 97501

7,200 SqFt

UPDATED:

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

Acres 0.53

Lot Dimensions 0.53

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

Rooms

Basement None

Interior

Interior Features Granite Counters, Open Floorplan, Primary Downstairs, Walk-In Closet(s)

Heating Electric, Heat Pump

Cooling Ductless, Heat Pump

Window Features Vinyl Frames

Exterior

Parking Features On Street

Roof Type Composition

Building

Lot Description Landscaped, Level, Sprinklers In Front

Entry Level One

Foundation Slab

Builder Name Rory White

Water Public

Architectural Style Contemporary

Structure Type Frame

New Construction No

Schools

High Schools South Medford High

Others

Senior Community No

Tax ID 11000324

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Private Financing Available

Listing Terms Cash, Private Financing Available

Special Listing Condition Standard

Oregon Data Share
Listed by eXp Realty LLC
agent
Ellie George

Principal Broker/Owner | License ID: 200502069

+1(541) 601-9582 | [email protected]

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