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1236-1242 N Riverside Avenue

Medford, OR 97501
  • $465,000
  • STATUS: Active
  • ON SITE: 172 days
  • MLS #: 220115838
UPDATED: 67 min ago
$465,000
  • 0
    BEDS
  • 0.77
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,800
    SQFT
  • $166
    $/SQFT
Type:
Commercial
Built:
1995
County:
Area:

School Ratings & Info


Listing courtesy of Oregon Opportunities Real Estate.

Description

PRICE REDUCED! Owner retiring! 2 office condo units (1236 and 1242) each consisting of two suites (A & B) of approximately 700 SF each, or approximately 1,400 SF each unit; (total of 2,800 SF combined suites). Each of the 4 suites has its own entry, individual restroom and kitchenette. 1236 A is leased for a 3-year term ending July 2022; 1236 B and 1242 A & B are immediately available for your occupancy or for additional lease income. Projected Net Operating Income produces a return on investment of over 7.0%. This is an excellent opportunity for an investor or owner/occupant of one of the units with investment income from the other.

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© 2021 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Schaake Capital Group | Cascade Sotheby's International Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Schaake Capital Group | Cascade Sotheby's International Realty. Data last updated: .2021-07-24T22:45:38.167
www.createalegacy.estate/homes/113818705
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1236-1242 N Riverside Avenue Medford, OR 97501

  • Price: $465,000
  • Status: Active
  • Updated: 67 min ago
  • MLS #: 220115838
0
Beds
0
Baths
0
½ Baths
0.77
Acres
2,800
SQFT
$166
$/SQFT
1995
Built
County:
Jackson
Area:
Medford
Property Description
PRICE REDUCED! Owner retiring! 2 office condo units (1236 and 1242) each consisting of two suites (A & B) of approximately 700 SF each, or approximately 1,400 SF each unit; (total of 2,800 SF combined suites). Each of the 4 suites has its own entry, individual restroom and kitchenette. 1236 A is leased for a 3-year term ending July 2022; 1236 B and 1242 A & B are immediately available for your occupancy or for additional lease income. Projected Net Operating Income produces a return on investment of over 7.0%. This is an excellent opportunity for an investor or owner/occupant of one of the units with investment income from the other.
Exterior Features

Construction Materials BlockFrame Exterior Features Deck Foundation Details Block Levels Two Parking Details Numberof Parking Spaces 30 Parking Details Parking Yes Parking Features Asphalt Roof Metal

Interior Features

Additional Features Office Space Basement Daylight Cooling Heat Pump Flooring Carpet Heating Forced Air Unit1 Rent Escalators Yes Unit1 Square Footage 700.00 Unit2 Square Footage 700.00 Unit3 Square Footage 700.00 Unit4 Square Footage 700.00

Property Features

Additional Parcels YN No CCAnd Rs YN Yes Cross Street Mcandrews Existing Lease Type Gross FIRPTAYN No Flood N/A Incomeand Expenses Annual Amounts Cap Rate Perc 7.00 Incomeand Expenses Annual Amounts Estimated Gr 46824.00 Incomeand Expenses Annual Amounts Estimated To 13529.00 Incomeand Expenses Annual Amounts Net Operatin 33295.00 Incomeand Expenses Annual Amounts Vacancy Perc 50.00 Leased Components 1236 A Listing Terms CashConventional New Construction YN No Owner Pays Common Area MaintenanceElectricityExterior MaintenanceGasInsuranceRepairsSewerTaxesWater Power Production Public Utilities Sewer Public Sewer Special Assessments None Special Listing Conditions Standard Tax Annual Amount 2881.46 Tax Year 2021 Tenant Pays Interior MaintenanceJanitorial Service Unit1 Monthly Rent 1323.00 Unit1 Optionto Extend Yes Unit1 Status Leased Unit1 Tenant Name Psi Examination Services Unit1 Unit Number 1236 A Unit2 Monthly Rent 640.00 Unit2 Status Vacant Unit2 Tenant Name Available Unit2 Unit Number 1236 B Unit3 Monthly Rent 1300.00 Unit3 Status Vacant Unit3 Tenant Name Available Unit3 Unit Number 1242 A Unit4 Monthly Rent 900.00 Unit4 Status Vacant Unit4 Tenant Name Available Unit4 Unit Number 1242 B View Creek/Stream Zoning C-C

Listing information © 2021 MLS of Central Oregon
Listing provided courtesy of Oregon Opportunities Real Estate.

© 2021 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Schaake Capital Group | Cascade Sotheby's International Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Schaake Capital Group | Cascade Sotheby's International Realty. Data last updated: .2021-07-24T22:45:38.167
 
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Schaake Capital Group | Cascade Sotheby's International Realty
650 SW Bond St, Ste. 100
Bend OR, 97702

Listing courtesy of Oregon Opportunities Real Estate.