$399,000
MLS #: 2987375

Description of 425 N Ross Lane, Medford, OR 97501

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.

Property Features of 425 N Ross Lane, Medford, OR 97501

TYPE
Multi Sgl Fam Res
Community
West Medford
Acres
1.88
Features
Middle school: JA McLoughlin
High school: JA South Medford
Baseboard heat
Forced air heat
Lot acreage is: 1.88
Lot zoned: RR2-5
Composition roof
City sewer
Units in building(s): 3
Total square feet: 3655.00
Courtesy of: Windermere Van Vleet & Assoc2

Homes for Sale Nearby 425 N Ross Lane, Medford, OR 97501

Recent Sales Nearby 425 N Ross Lane, Medford, OR 97501



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