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429 N Holly St, Medford, OR, 97501

--beds
0baths
2,432sqft
$425,000
$175price/sqft
$2,739/moest. monthly cost
$109,560/yrincome needed

About This Home

Investor Opportunity! This spacious two-bedroom ground-floor unit comes with four separate studios on the second floor, plus a large garage. While the property requires some renovations, it currently generates an impressive annual income of $48,900, with a net profit over $38,000 annually, based on existing rents and condition. Enjoy the benefits of 100% occupancy and low turnover rates. Current rents are $1470, $675, $660, $650 and $620. Seize this unique chance to own five rental units in one property! Cash Buyers Only: This property is non-conforming and will likely not qualify for financing. Sold as-is.

Getting Around

84
WalkingVery Walkable
38
TransitSome Transit
86
BikeVery Bikeable

Schools

2/10
2/10
Mcloughlin Middle SchoolGrades 6-80.2 mi
6/10
South Medford High SchoolGrades 9-121.7 mi

Construction

Condition

  • Year built: 1926

Materials

  • Foundation: Concrete Perimeter,Pillar/Post/Pier
  • Roof: Composition
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Architectural style: Craftsman
  • Property subType: Multi Family

Interior

Features

  • Flooring: Carpet,Hardwood
  • Common walls with other units/homes: 2+ Common Walls

Heating & Cooling

  • Heating features: Wall Furnace
  • Cooling features: Wall/Window Unit(s)

Interior Area

  • Total structure area: 2,432
  • Total interior livable area: 2,432 sqft

Property

Details

  • Parcel number: 10393668
  • Zoning description: Mfr-20
  • Special condition: Standard
  • Exclusions: Tenant's personal property

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 4,791 sqft

Parking

  • Parking features: Alley Access,Attached,On Street
  • Has uncovered spaces: Yes