2981 State Street, Medford, OR 97504
$6,450,000
Property Type:
Residential Income
Lot Size (sq. ft.):
209,088
Status:
Closed
Current Price:
$6,450,000
List Date:
7/19/2017
Last Modified:
10/31/2024
Description
A peaceful countryside atmosphere with natural and designed landscaping. Close to transportation, shopping and medical services. There are 101 rental units in 19 buildings. There are 410 businesses and 8532 employees within 5 minutes drive time of the complex. 77.8 percent of those employees are in health services. The property has been upgraded with Hardi Plank siding and double pane windows, and Southern Oregon Rental Association vacancy in the market is 1.7 percent. Renting at approximately $.80 per square foot per month. these are very competitive units for the market place. Private enclosed patios, swimming pool, open parking with 171 spaces. A mix of units from 592 to 1309 square feet. All units have patios, decks or balconies, private outside entrance, carpet & vinyl or laminate flooring.
Supplements: ********
More Information MLS# 102979626
Location, Tax, and Legal
Cross Street: Murphy
Parcel Number: 10021962
Lot Size Acres: 4.8
Lot Size Square Feet: 209088
General Property Information
# of Units Total: 101
Zoning: MFR-30
Tax Annual Amount: 84922.5
Tax Year: 2016
CC&R's YN: No
Sign On Property YN: No
Property Sub Type: Multi Family
Year Built: 1972
Remarks and Miscellaneous
Public Remarks: A peaceful countryside atmosphere with natural and designed landscaping. Close to transportation, shopping and medical services. There are 101 rental units in 19 buildings. There are 410 businesses and 8532 employees within 5 minutes drive time of the complex. 77.8 percent of those employees are in health services. The property has been upgraded with Hardi Plank siding and double pane windows, and Southern Oregon Rental Association vacancy in the market is 1.7 percent. Renting at approximately $.80 per square foot per month. these are very competitive units for the market place. Private enclosed patios, swimming pool, open parking with 171 spaces. A mix of units from 592 to 1309 square feet. All units have patios, decks or balconies, private outside entrance, carpet & vinyl or laminate flooring.
Directions: Barnett, right to Murphy and right to State to the address.
Additional Features
Laundry Facility: 1
Manager's Quarters: 1
Separate Electric Meters: 1
Income and Expenses (Annual Amounts)
Net Operating Income: 415664
Gross Income: 860809
Operating Expense: 445079
Cooling
Heat Pump: 1
Wall/Window Unit(s): 1
Construction Materials
Concrete: 1
Frame: 1
Listing Terms
Cash: 1
Conventional: 1
Foundation Details
Slab: 1
Flood
N/A: 1
Heating
Baseboard: 1
Electric: 1
Forced Air: 1
Inclusions/Exclusions
Inclusions: Refrigerators and range/ovens
Exclusions: Tenants personal property
Roof
Composition: 1
Association Amenities
Pool: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Documents on File
APOD: 1
Lead Based Paint Report: 1
Profit and Loss Statement: 1
Schedule of Tenants: 1
Seller Disclaimer: 1
Special Listing Conditions
Standard: 1
Location Tax and Legal
Street Number: 2981
Street Name: State
Street Suffix: Street
County: Jackson
State: OR
Postal Code: 97504
Contract Information
Current Price: $6,450,000
Status: Closed
Original List Price: 6000000
Sold Price: $6,450,000
Listing Contract Date: 2017-07-19
Status Change Information
Close Date: 2017-09-19
Under Contract Date: 2017-07-26
Status Change Timestamp: 2017-09-20
Close Price: 6450000
Property Features
Construction Materials: Concrete; Frame
Cooling: Heat Pump; Wall/Window Unit(s)
Foundation Details: Slab
Heating: Baseboard; Electric; Forced Air
Roof: Composition
Additional Features: Laundry Facility; Manager's Quarters; Separate Electric Meters
Flood: N/A
Association Amenities: Pool
Sewer: Public Sewer
Water Source: Public
Documents on File: APOD; Lead Based Paint Report; Profit and Loss Statement; Schedule of Tenants; Seller Disclaimer
Listing Terms: Cash; Conventional
Special Listing Conditions: Standard
Listing Office:
Oregon Opportunities Real Estate
Last Updated: October - 31 - 2024
Broker Attribution:
info@OROP.COM
Information deemed reliable but not guaranteed.