2220-2224 Crater Lake Avenue Medford, OR 97504
Welcome to East Medford's prime residential investment! Two contemporary 4-plexes, 2017-built, boast 8 townhouse-style units. Fully occupied, well maintained, ideal for savvy investors. Each building features two 3-bed, 2.5-bath & two 2-bed, 2-bath units with a modern design and well appointed interiors, catering to diverse tenant needs. All units are equipped with appliances including ranges, dishwashers, refrigerators and washers and dryers. 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, allowing rental rate adjustments 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. Possible lot split separating the Two 4 plexes for future financing advantages. Buyer to check with the city on possibilities.
- Property TypeMulti-Family
- NeighborhoodRogue Valley Heights Extension
- CountyJackson
- Taxes$12,085
- HOA/Condo/Coop Fees$0
- Days on Site20 Days
- MLS StatusActive
- MLS ID Number220183982
- Home Size Source N/A
- Year Built2017
- Lot Size0.36 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Craftsman
- Construction Frame
- Parking AsphaltParking Lot
- Sewer Public Sewer
- Number of Stories 1
- Acreage 0.36
- Water Public
- Security Carbon Monoxide Detector(s)Fire Sprinkler SystemSmoke Detector(s)
- Property Sub Type Multi Family
- Attached Garage No
- Foundation Concrete Perimeter
- Zoning Mfr-20
- Listing Conditions Standard
Interior Features
- Cooling Central Air
- Heating Forced AirHeat Pump
- Appliances DishwasherOvenRangeRefrigeratorWater Heater
- Flooring CarpetLaminateVinyl
- Interior Ceiling Fan(s)Double VanityLaminate CountersShower/Tub ComboSmart LocksWalk-In Closet(s)
- Window Features Double Pane Windows
Exterior Features
- Roof Composition
- View Territorial
- Exterior Patio
- Lot LevelSprinklers In FrontSprinklers In Rear
Community Features
- Security Features Carbon Monoxide Detector(s)Fire Sprinkler SystemSmoke Detector(s)