MLS# 24337471 – 1101 Withington St, Medford, OR 97501 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of eXp Realty, LLC.

Property Description

Description

2 Units

Status: Pending

Year Built: 1973

Days on Website: 54

Duplex investment opportunity! Each unit is one level, 2 bedroom, 1 bath and 4 car concrete parking. Both units are currently occupied by long time tenants on month to month tenancy. Unit 1101 is currently rented at $1,030 a month, unit 1103 is rented for $1,200 per month. Both units have new stoves, wall heating, and wall A/C. Other updates include new refrigerator, carpet, and bamboo flooring. Huge backyards with vinyl fencing and framed storage sheds. Don't miss out on this fantastic duplex!

Property Details and Features

Property Access

Road Surface Type:

Concrete

Basement

Basement:

CrawlSpace

Building

Building Area Total:

1792

Built in 1973

Storage:

IndividualStorageUnits

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling Equipped

Cooling:

WallUnit

Expenses

Operating Expense:

$24,011

Exterior Features

Exterior Description:

LapSiding,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating:

WallHeater

Income

CAP Rate:

6.52

Gross Income:

$26,760

Gross Rent Multiplier:

14.76

Net Operating Income:

$25,760

Listing

Contract Status Change Date:

2024-03-26

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-03-26 18:59:31

List Price:

$395,000

Listing Contract Date:

2024-03-07

Listing Id:

24337471

Mls Status:

Pending

Modification Timestamp:

2024-03-28 15:29:11

Off Market Date:

2024-03-26

On Market Date:

2024-03-07

Purchase Contract Date:

2024-03-26

Rent Includes:

MaintenanceGrounds

Standard Status:

Pending

Location

MLS Area Major:

_801

County Or Parish:

Jackson

Lot

Features:

CornerLot,Level

Size Acres:

0.14

Size Range:

SqFt5000to6999

Size Square Feet:

6,098

Size:

5,000 to 6,999 SqFt

Parking

Features:

Driveway,OnStreet

4 total parking spots

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

SFR-10

Roof

Roof:

Composition

Schools

High School:

South Medford

Middle Or Junior School:

McLoughlin

Elementary School:

Washington

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,749

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,200

Area:

896

Features:

AirConditioning,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,030

Area:

896

Features:

AirConditioning,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$395,000 -

1101 Withington St Medford , OR 97501

MLS Area Major: _801

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 30, 2024 3:45AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.