Multifamily
VS Apartments
1935 Table Rock Rd, Medford, OR 97501
Listing Price: $3,500,000
Investment Overview
The VS Apartments is a 20-unit, two-story apartment complex located at 1935 Table Rock Road in Medford, Oregon. The property is newly constructed, contains 11,428 rentable square feet and features (18) one-bedroom units and (2) two-bedroom units. Each unit features a fully equipped kitchen, along with a Full-size washer and dryer. Unit amenities include mini-splits and a one-to-one parking ratio. The VS apartments offer a future owner low maintenance and operating costs with state-of-the-art energy-efficient construction, windows, appliances, and lighting. New construction apartments in Oregon are given a 15-year exemption from rent control laws, providing flexibility for a new owner to set rents at the Property.
The VS Apartments is ideally located close to Highway 99 and Interstate 5 Exit 30. Within a short distance tenants enjoy an abundance of shopping and dining, including Northgate Center, Rogue Valley Mall, Natural Grocers In-and-Out, Trader Joes, Chick-fil-A and many more. Tenants will also benefit from the close proximity to public transportation, which runs right along Table Rock Road. The vacancy rate in Medford currently sits at 3.7%, with Cumulative rent growth over a 3-year period at 15%. Medford alone is forecasted to need 13,102 new dwelling units between 2022 and 2042. On average, this equates to 655 new dwelling units per year.
Listing Price: $3,500,000
Investment Highlights
- Brand New Construction, Turn-Key Multi-Family Asset
- Prime Location Close to Highway-99 and I-5
- Stabilized and Fully Rented For New Owner
Investment Overview
The VS Apartments is a 20-unit, two-story apartment complex located at 1935 Table Rock Road in Medford, Oregon. The property is newly constructed, contains 11,428 rentable square feet and features (18) one-bedroom units and (2) two-bedroom units. Each unit features a fully equipped kitchen, along with a Full-size washer and dryer. Unit amenities include mini-splits and a one-to-one parking ratio. The VS apartments offer a future owner low maintenance and operating costs with state-of-the-art energy-efficient construction, windows, appliances, and lighting. New construction apartments in Oregon are given a 15-year exemption from rent control laws, providing flexibility for a new owner to set rents at the Property. The VS Apartments is ideally located close to Highway 99 and Interstate 5 Exit 30. Within a short distance tenants enjoy an abundance of shopping and dining, including Northgate Center, Rogue Valley Mall, Natural Grocers In-and-Out, Trader Joes, Chick-fil-A and many more. Tenants will also benefit from the close proximity to public transportation, which runs right along Table Rock Road. The vacancy rate in Medford currently sits at 3.7%, with Cumulative rent growth over a 3-year period at 15%. Medford alone is forecasted to need 13,102 new dwelling units between 2022 and 2042. On average, this equates to 655 new dwelling units per year.
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