1225 Corona AVE new Save Request In-Person Tour Request Virtual Tour
Medford,OR 97504
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,044 sqft
Price per Sqft $733
Subdivision Lake Wood Subdivision
MLS Listing ID 220209497
Style Contemporary
Year Built 1946
Annual Tax Amount $6,790
Lot Size 1.180 Acres
Acres 1.18
Lot Dimensions 1.18
Property Sub-Type Multi Family
Property Description
This multifaceted property is located near Medford's highest population density neighborhood, Medford's sprouting financial district, and is situated about 200 feet from the Providence Medford Medical Center campus. A multitude of options are open with this luxury VRBO home on its own tax lot AND ALSO 3 additional, empty and individually sellable tax lots, all included for one price! Commercial zoning has already extended from McAndrews down Corona Avenue and the land currently abuts commercially zoned properties. Seller states that development of 32 units or a four story medical campus may be the highest and best use. Instant income is possible with its current VRBO, Airbnb, luxury rental set up with contemporary styling, custom concrete floors and fully updated throughout. Buyer to do their own due diligence on all aspects of use.
Location
State OR
County Jackson
Community Lake Wood Subdivision
Direction From the I-5 north Medford exit 27 exit 27 take Hwy 62 north right on Poplar, left on McAndrews, left on Corona. Property is on the right.
Interior
Heating Heat Pump
Cooling Central Air
Exterior
Parking Features Asphalt,Attached
Roof Type Composition
Building
Foundation Slab
Water Public
Architectural Style Contemporary
Level or Stories One
Structure Type Frame
New Construction No
Schools
High Schools North Medford High
Others
Senior Community No
Tax ID 10327596
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard