429 Holly ST, Medford, OR 97501
See all 8 photos
429 Holly ST, Medford, OR 97501
429 Holly ST, Medford, OR 97501
429 Holly ST, Medford, OR 97501
429 Holly ST, Medford, OR 97501
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Brook Gardner

Brook Gardner

+1(541) 848-9797
$ 405,000
Est. payment /mo
Save
Price Dropped by $20K

429 Holly ST Medford, OR 97501

2,432 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,432 sqft

Price per Sqft $166

MLS Listing ID 220218682

Style Craftsman

Year Built 1926

Annual Tax Amount $2,498

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 0.11

Property Sub-Type Multi Family

Property Description

Investor opportunity with owner-financing potential! 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! This property is non-conforming and will likely not qualify for traditional financing, but there is potential to assume current owner financing (6% over 40 years). Sold as-is.

Location

State OR

County Jackson

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Exterior

Parking Features Alley Access, Attached, On Street

Roof Type Composition

Building

Foundation Concrete Perimeter, Pillar/Post/Pier

Water Public

Architectural Style Craftsman

Level or Stories Two

Structure Type Frame

New Construction No

Schools

High Schools South Medford High

Others

Senior Community No

Tax ID 10393668

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Assumable, Cash, Owner Will Carry

Listing Terms Assumable, Cash, Owner Will Carry

Special Listing Condition Standard

Oregon Datashare (MLSCO/SOMLS/KCAR)
Listed by Millen Property Group

NEARBY SCHOOLS & PROPERTIES

Brook Gardner

Brook Gardner

Principal Broker | License ID: 201210190

+1(541) 848-9797

GET MORE INFORMATION

Full Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Stellar Realty Northwest, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

429 Holly ST