MLS# 23372919 – 145 Cedar St, Rogue River, OR 97537 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of Merit Commercial Real Estate, LLC..

Property Description

Description

6 Units

Status: Pending

Year Built: 1979

Days on Website: 210

Welcome to 145 Cedar Street - a rare public offering of a beautiful six-plex in a quiet and quaint neighborhood in busy Rogue River! This property features six, 2-bed / 1-bath fully renovated units, surrounding a central courtyard. Following extensive renovations, the property produces great rental income with a strong tenant mix and occupancy history. Believed to not be in a flood zone. The City of Rogue River is strategically located directly between Medford and Grants Pass on I-5, and has consistently shown strong tenant demand in the stunning walkable city. One of only a handful of apartment complexes in beautiful Rogue River!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Built in 1979

Storage:

Attached,IndividualStorageUnits

Stories:

Unit Type Type:

UnitTypeType1

Community

Community Features:

Commons

Disclosures

Disclosures:

Exempt

Expenses

Operating Expense:

$29,820

Exterior Features

Exterior Description:

HardConcreteStucco

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

Ductless

Income

CAP Rate:

6.57

Gross Income:

$85,200

Gross Rent Multiplier:

9.98

Net Operating Income:

$55,830

Listing

Contract Status Change Date:

2024-02-27

Cumulative Days On Market:

145

Days On Market:

145

Last Transaction Date:

2024-02-29 19:19:25

List Price:

$850,000

Listing Contract Date:

2023-10-05

Listing Id:

23372919

Mls Status:

Pending

Modification Timestamp:

2024-02-29 19:19:25

Off Market Date:

2024-02-27

On Market Date:

2023-10-05

Previous List Price:

$885,000

Purchase Contract Date:

2024-02-27

Rent Includes:

MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_790

County Or Parish:

Jackson

Lot

Features:

CornerLot,GentleSloping

Size Range:

SqFt15000to19999

Size:

15,000 to 19,999 SqFt

Parking

Features:

Carport,Detached

8 total parking spots

Property

Number Of Units Total:

Property View

Zoning:

C-1

Schools

High School:

Rogue River

Middle Or Junior School:

Rogue River

Elementary School:

Rogue River

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$5,843

Legal Description

Tax Year:

2022

Unit One

Actual Rent:

$7,100

Area:

5024

Features:

AirConditioning,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity,Tank

Water Source:

PublicWater

[+] Read More

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$850,000 -

145 Cedar St Rogue River , OR 97537

MLS Area Major: _790

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on May 2, 2024 1:52AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.