Homes for sale - 1225 Corona AVE, Medford, OR 97504

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Melanie Maitre

melanie@themaitregroup.com +1(541) 480-4186

$1,500,000

Est. payment - /mo

2,044 SqFt

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UPDATED:

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

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Listed by Ford Real Estate

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Melanie Maitre

+1(541) 480-4186

Broker | License ID: 200908084

Broker License ID: 200908084

1225 Corona AVE Medford, OR 97504

Melanie Maitre

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1225 Corona AVE