240 N Holly Street, Medford, OR

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240 N Holly Street, Medford, OR

For Sale

Presented By:

Alice Lema

John L Scott
541-301-7980

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$ Click for current price
8784 SqFt

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. Do Not Disturb Tenants Under Any Circumstance. Expense reports online. Gross Rents $50,832 Annual