842 W 13th St, Medford, OR, 97501

Merit Commercial Real Estate is pleased to exclusively present 842 W 13th Street, a multifamily offering with two fully separate homes located in Medford, OR (the "Property").

The Property currently has one occupied unit (Unit B) which is on a month-to month lease with below market rent, providing maximum flexibility for the new owner. There is also opportunity for prospective buyers to either lease out or occupy Unit A, which is currently vacant, allowing an owner-occupant to immediately step into a recently improved unit.

The Property is situated on one 0.16 acre parcel and includes two separate buildings and one detached garage. Both units feature 2-bed / 2-bath layouts with efficient floor plans. Unit A is ±864 square feet ("SF") and was recently remodeled with a new kitchen, lighting, flooring, finishes, and much more and is ready for occupancy.

The unit benefits from convenient accessibility via West 12th Street and has private use of a detached single-car garage. Unit B is ±800 SF and is currently leased with month-to-month rent set at $1,250/month.

Expense splits are standard with the Landlord providing garbage, water, and sewer; tenant(s) covering electricity and internet. The unit is accessible via alleyway access and includes a paved driveway with ±2 parking spaces. The Property is strategically located within a mature and established residential area of Medford with various amenities and facilities nearby including Washington Elementary School, Jackson County Circuit Courts, downtown Medford, Union Park and much more.

The specific pocket around West 13th Street is a strong mix of long-term owner-occupant single family and multifamily properties with beautiful mature greenery and quiet streets. The opportunity is clear at 842 W 13th Street for owner-occupants and investors alike seeking a well-maintained asset with proven income.

The offering presents prospective buyers the rare opportunity to own an income-producing property and the ability to subsidize mortgage payments through owner occupancy of the newly remodeled vacant unit. Buyer is responsible for any and all due diligence. Contact the listing brokers today for additional information.