3306 South Pacific HighwayMedford, OR97501
$6,717,000
89 total units
$820,914 annual income
Capitilization Rate: 5.70
64250 sq. ft
8.13 acres
Elementary School: Orchard Hill Elem
Middle School: Talent Middle
High School: Phoenix High
Zoning: UR-30
1047 days on market
VestorFilter™
Price per unit$75.5K/unit
Price per ft²$104.54/ft²
Price per acre$826.2K/ac
Time on market1047 days
Property Description
A very well maintained 89 unit complex. 56- 1 bedroom 1 bath flats, 16- 2 bedroom 1 bath flats, 12- 1 bedroom 1.5 bath lofts, 3- 2 bedroom, 1.5 bath townhouses, 1 bedroom shower studio, 1- 2 bedroom 1 bath/ den. Original design included units facing a common yard area. There is an office, rec room and pool. Total parking 145 spaces, 36 assigned double car garages, 18 assigned double carports, 18 assigned individual carports, 18 open parking spaces and 1 handicap. Based on a recent survey, total rents are at least 10% under market due to the regulations surrounding Covid. the average length of tenant occupancy for the entire project is 7 years.
Financial Data
Date Sold2021-08-20
Sold Price$8,360,000
Original Price$6,717,000
Current Price$6,717,000
Property Taxes$66,198
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Home Facts
StatusClosed
Year Built1964
MLS ID220125786
