Property Type:Multi Family
Lot Size:0.23 Acres
Back on the market. No fault of property, buyers changed mind about affordable housing program. Rare newer 8plex is Fully Occupied, ADA Compliant, Built in 1998, AND includes Elevator/Lift. 4 Units are 1B/1B & 4 Units are 2B/1B. New Rent Increase Approved & will be $454/month for 1B/1B units & $605/month for 2B/1B. Is professionally managed, & Tenants responsible for electric & gas. Each unit has been recently inspected & report is available online. Also available online are 3D-360 interior video tour of one unit, and drone/Osmo exterior video. The building constructed by Southern Oregon Lions with Grants & needs to remain occupied by tenants vetted from affordable housing program'' for another 9-11 years. Rents are below market & Tax Exempt due to owner is non-profit. Appointment only to tour one unit, rest of units may be viewed with accepted offer. Multiple Offers, Highest & Best Offer Submitted by Friday 2/7/2020 12pm. Seller to respond to offers by Monday 2/10/2020 5pm
Address:240 N Holly St Medford, OR 97501
Foundation: Concrete Perimeter
Features / Amenities
Total Sq. Ft.:8784
Lot Size: 0.23 Acres / 10019 Sq. Ft.
Sewer: Public Sewer
Directions:Corner of W 4th St. and N Holly, Building on the West Side of the Street. Do Not Distrub Tenants.
WALKING AND TRANSPORTATION
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Listing provided courtesy of John L. Scott Medford.