634 Colinwood ct - Apartments FOR SALE


Medford, OR 97501
$1,899,000 USD
541-821-6396
634 Colinwood ct, Medford, OR for Sale
$1,899,000 USD
Apartments - FOR SALE
1/22
null | 7.3% Cap Rate

634 Colinwood ct
Medford, OR 97501


HIGHLIGHTS

  • Location
  • Low maintenance

OVERVIEW

Premier Multi-Family Investment Opportunity! Welcome to this unique Cottage cluster. A recently built 8-plex offers a rare opportunity to own a turnkey, low-maintenance investment property in the heart of Medford, Oregon. Constructed in 2023, these modern, single-level residences are designed for maximum tenant appeal and long-term rental stability. Each of the eight 2-bedroom, 2-bathroom homes are thoughtfully designed with no common walls, providing a private and peaceful living experience. The high-quality finishes include granite countertops, laminate flooring, and in-unit laundry, ensuring strong tenant demand. The property is leased at $1,650 per unit, generating an impressive rental income around $158,400 annually. Estimated Annual Expenses are $20,567 (Includes water, sewer, trash, insurance, and property taxes) Net Operating Income (NOI): $137,833. Making a cap rate of: ~7.26%. This is an ideal property for investors seeking steady cash flow and appreciation potential.

FOR SALE DETAILS

PRICE

$1,899,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

8

PRICE/UNIT

$237,375

CAP RATE

7.3%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Colinwood CT 8 Plex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,611 SF

ZONING

SFR6

APN/PARCEL ID

11000324

ASK ABOUT THIS PROPERTY

Joshua BermaneXp Realty, LLCMore Info
541-821-6396

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Joshua BermaneXp Realty, LLCMore Info
541-821-6396

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.