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139 Almond St - Almond Gardens Apartments 3,112 SF Specialty Building Offered at $860,938 CAD in Medford, OR 97504
Executive Summary
Merit Commercial Real Estate is pleased to exclusively present 139 Almond Street, a four-unit multifamily asset located in Medford, Oregon (the "Property").
All tenants are currently on month-to-month leases, and currently rents are below market, providing flexibility to implement rent increases. Expense splits are very standard, with the LL provided water, sewer, and garbage, and the tenant(s) covering unit-power, internet, etc.
Situated on a 0.40 acre corner lot, the Property features a well-maintained, newer vintage ±3,112 SF two-story apartment building with a single roof-line. Individual unit sizes weren't measured, but County records indicate that there is 976 SF of interior finished space on the first level and ± 2,136 SF on the second level.
The layout of the building is extremely efficient and highly functional, with a balanced unit mix including (2) 1-bed / 1-bath units on the second level, and (2) 2-bed / 1.5 -bath units both on the upper and lower level. Each unit is above-average in terms of condition, cleanliness, and maintenance.
The Property also includes three attached garages located on the western side of the building, below unit A, and are designated for units A-C. The Property also includes several tuckunder parking spaces located on the eastern side of the building available for unit D.
Additionally, the townhome-style units B and C include oversized, private fenced rear patios with nice tree and foliage cover. The entirety of the Property enjoys substantial mature landscaping and greenery.
Key highlights of the Property include its recent and modern construction quality, central location, and excellent interior condition. The opportunity at 139 Almond Street is clear for prospective investors or owner-occupants.
Buyer is responsible for any and all due diligence. Contact the listing brokers today for additional information. Please do not disturb tenants.
All tenants are currently on month-to-month leases, and currently rents are below market, providing flexibility to implement rent increases. Expense splits are very standard, with the LL provided water, sewer, and garbage, and the tenant(s) covering unit-power, internet, etc.
Situated on a 0.40 acre corner lot, the Property features a well-maintained, newer vintage ±3,112 SF two-story apartment building with a single roof-line. Individual unit sizes weren't measured, but County records indicate that there is 976 SF of interior finished space on the first level and ± 2,136 SF on the second level.
The layout of the building is extremely efficient and highly functional, with a balanced unit mix including (2) 1-bed / 1-bath units on the second level, and (2) 2-bed / 1.5 -bath units both on the upper and lower level. Each unit is above-average in terms of condition, cleanliness, and maintenance.
The Property also includes three attached garages located on the western side of the building, below unit A, and are designated for units A-C. The Property also includes several tuckunder parking spaces located on the eastern side of the building available for unit D.
Additionally, the townhome-style units B and C include oversized, private fenced rear patios with nice tree and foliage cover. The entirety of the Property enjoys substantial mature landscaping and greenery.
Key highlights of the Property include its recent and modern construction quality, central location, and excellent interior condition. The opportunity at 139 Almond Street is clear for prospective investors or owner-occupants.
Buyer is responsible for any and all due diligence. Contact the listing brokers today for additional information. Please do not disturb tenants.
Property Facts
| Price | $860,938 CAD | Building Size | 3,112 SF |
| Price Per SF | $276.65 CAD | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 2003 |
| Property Type | Specialty | Parking Ratio | 1.61/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | MFR-20 | ||
| Price | $860,938 CAD |
| Price Per SF | $276.65 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Lot Size | 0.14 AC |
| Building Size | 3,112 SF |
| No. Stories | 2 |
| Year Built | 2003 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | MFR-20 |
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
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139 Almond St - Almond Gardens Apartments
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