1236/1242 A&B N Riverside Ave Medford OR 97501 #220115838 Call for price

Ft2
2,800
Lot Acres
0.77
Year Built
1995
Heat
Forced Air
Roof
Metal

2 office condo units (1236 A & B and 1242 A & B) each consisting of two suites (A & B) of approximately 700 SF each, or approximately 1,400 each unit; total of 2800 SF combined units. Each suite has its own entry and individual restroom. 1236 A is leased for 3-year tern ending July 2022 and 1236 B is leased through October 2021. 1242 A & B are vacant and for lease, asking $1900/mo. for A & B combined or Suite A can be leased for $1,300/mo and lower level suite for $900/mo. All leases are Gross with Tenants paying only telecom, interior insurance and individual signage. Projected combined Net Operating Income (NOI) exceeds $33,000 for CAP rate of 7.0%. This is an excellent opportunity for an investor or owner / occupant of one of the units with investment income from the other unit. The 5-unit condominium is well-constructed and has been well-maintained over the years by the Unit Owners Association.


General Amenities
Interior Amenities
Exterior Amenities
Appliance Amenities
Accessibility Amenities
Available Date:
2/01/2021
1236/1242 North Riverside Ave
Medford, Oregon 97501
United States
County: Jackson
Sale Type: For Sale
MLS #: 220115838
177 Hits
Ken Reeder
Oregon Opportunities Real Estate

P: 541-774-4403
M: 541-840-7911
L: 780403028
Contact Agent
Total Units
2
Ft2
2,800
Lot Acres
0.77
Heat
Forced Air
Cooling
Heat Pump
Fuel
Electric
Roof
Metal
Tax
$2,881
Year Built
1995
Zoning
C-C
View
Territorial
School District
Medford 549C
Available Date:
2/01/2021
1236/1242 North Riverside Ave
Medford, Oregon 97501
United States
County: Jackson
Sale Type: For Sale
MLS #: 220115838
177 Hits
Ken Reeder
Oregon Opportunities Real Estate

P: 541-774-4403
M: 541-840-7911
L: 780403028
Contact Agent

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Available Date:
2/01/2021
1236/1242 North Riverside Ave
Medford, Oregon 97501
United States
County: Jackson
Sale Type: For Sale
MLS #: 220115838
177 Hits
Ken Reeder
Oregon Opportunities Real Estate

P: 541-774-4403
M: 541-840-7911
L: 780403028
Contact Agent

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Available Date:
2/01/2021
1236/1242 North Riverside Ave
Medford, Oregon 97501
United States
County: Jackson
Sale Type: For Sale
MLS #: 220115838
177 Hits
Ken Reeder
Oregon Opportunities Real Estate

P: 541-774-4403
M: 541-840-7911
L: 780403028
Contact Agent
Name Location Type Distance
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