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Listing 4 out of 28
Sold for $595,000 Sold

2113 Poplar Drive #A-D
Medford, OR 97504

4 units | Multi Family Home
0.07 acres - MLS# 3001923 Courtesy of Exp Realty Southern Oregon
Property Photo

Sold

Sold for $595,000 on Jul 15, 2019

Description

With the rental market continuing to get better and better in Medford you've been looking for a rental that has great cash flow. You want something that the current rents are at market so you don't have to hike up rents the moment you buy it. You'd love a CAP rate of at least 6%, but 7% would be awesome. But nothing is on the market that pencilled. Until now!! Your new 4 plex just hit the market with 1028 sqft for each unit 2 beds 2 baths and garages for each. Also included is a large locked storage space for each unit. Located in a quiet part of East Medford these units are renting at $1200 each for a total of $4800 per month. Current owner has invested well into these units to get them in great shape. FHA or VA buyer...buy this and live in one unit and have the others pay most of your mortgage. At over a 7% CAP rate this won't last on the market long. Jump on this today.

Features

  • Property Type: Multi Family Home
  • Sub Type: 4-Plex
  • Listing Status: Sold
  • Listing Price: $615,000
  • County/Area: Jackson County
  • Zip Code: 97504
  • Year Built: 1997
  • Elementary School: Ja Wilson
  • Middle School: Ja Hedrick
  • High School: Ja North Medford
  • Sq.Ft.: 4,112 sq ft
  • Stories: 2
  • Units: 4 units
  • Lot Size: 0.07 acres
  • Zoning: C-R
  • # of Garages: 4.00
  • Air Conditioning: Heat Pump
  • Association: Southern Oregon Multiple Listing Service
  • Construction: Frame
  • Directions: Crater Lake Hwy to Poplar Dr.
  • Heat Type: Heat Pump
  • Household Water Avlb: Public
  • Lot Measurement: Acres
  • Lot Size Source: (Assessor)
  • Roof: Composition
  • Sewer: Public (CIty)
  • Square Footage Source: Assessor
  • Sold Date: 2019-07-15
  • Sold Price: 595000.00
Courtesy of Exp Realty Southern Oregon

Israel Hunter
Broker
Cell: 541-973-7731
Email: israelhunter@charter.net

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