MLS# 24644382 – 215 N Ivy St, Medford, OR 97501 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of John L. Scott Medford.

Property Description

Description

5 Units

Status: Pending

Year Built: 1930

Days on Website: 86

Investors special! Two 5-Plexes on one commercially zoned tax lot! At list price, these units are bringing in a 9.4% cap rate (doesn't include management fee). Roofs on each building are less than 5 years old and various updates such as flooring, interior paint, & windows have been done in a few of the units. 215 N Ivy has an attached single car garage and tons of storage as well. Back alley access allows ample parking. Each unit has its own gas and power meter. One of the cheapest price per units on the market in Southern Oregon, so contact your agent today for a personal tour, before it's too late!

Property Details and Features

Building

Built in 1930

Unit Type Type:

UnitTypeType2

Cooling

Cooling Equipped

Cooling:

WallUnit,WindowUnit

Expenses

Operating Expense:

$25,944

Exterior Features

Exterior Description:

WoodSiding

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

9.52

Gross Income:

$96,852

Gross Rent Multiplier:

7.69

Net Operating Income:

$70,908

Listing

Contract Status Change Date:

2024-03-04

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-03-04 09:10:04

List Price:

$745,000

Listing Contract Date:

2024-02-05

Listing Id:

24644382

Mls Status:

Pending

Modification Timestamp:

2024-03-04 09:10:04

Off Market Date:

2024-03-04

On Market Date:

2024-02-05

Purchase Contract Date:

2024-03-04

Rent Includes:

TrashCollection

Standard Status:

Pending

Location

MLS Area Major:

_802

County Or Parish:

Jackson

Lot

Size Acres:

0.23

Size Range:

SqFt10000to14999

Size Square Feet:

10,018

Size:

10,000 to 14,999 SqFt

Property

Number Of Units Total:

Zoning:

C-C

Schools

High School:

South Medford

Middle Or Junior School:

McLoughlin

Elementary School:

Jackson

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,441

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$4,181

5 total bathrooms

5 total bedroom

Unit Two

Actual Rent:

$3,890

Units Total:

5 total bathrooms

5 total bedroom

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$745,000 -

215 N Ivy St Medford , OR 97501

MLS Area Major: _802

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on May 1, 2024 1:45PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.