425 N Ross Lane $399,000 $375,000

Let the tenants pay your mortgage while you develop the lots! 1.88 acres with 3 homes that is currently in the County that can be annexed into the City. Nice entrance to the back of this level parcel w/paved road to the property line. Home 1: 3 bed/1 ba, good construction built in 1950 rented at $850.00/mo (below market value). Home 2: Cute 2 bed/1 ba in good condition rented at $900/mo (below market value) and sits behind a private 8' fence w/new mini split heat pump w/air, nice size yard, single garage & large garden area. Home 3: 1440sq.ft. manufactured home rented at $1200 w/new roof, large rooms, covered back porch, large garage w/workshop. All RENTALS ARE MONTH TO MONTH so when you want to start selling lots or building homes, you will still be able to make your payments with total rents each month at $2950.00 or Annual gross income of $35,400. The new subdivision behind this property is very nice & would make a great entrance into your very own subdivision. SR-2.5 zoning. Call or e-mail today for all the details! #2987373m2o

Beds : 8
Baths : 3.00
Ft2 : 3,655
Lot Acres : 1.88
Zoning : SR-2.5
425 N Ross Lane
Medford, Oregon 97501
United States
County: Jackson
Region: Southern Oregon
Sale Type: Sold
MLS #: 2987373
1982 Hits
Steve Parmelee
Windermere Van Vleet & Associates

P: 541-821-2955
M: 541-821-2955
Contact Agent
Marcia Ramsay-Coots
Windermere Van Vleet & Associates

P: 541-944-1757
M: 541-944-1757
L: 780301763
Contact Agent