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Michelle Rea

michelle.rea@engelvoelkers.com +1(541) 350-8256

$ 550,000

Est. payment -/mo

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2365 Meadows LN Medford, OR 97501

3 Beds

2 Baths

1,248 SqFt

UPDATED:

Key Details

Property Type Manufactured Home

Sub Type Manufactured On Land

Listing Status Active

Purchase Type For Sale

Square Footage 1,248 sqft

Price per Sqft $440

MLS Listing ID 220230506

Style Traditional

Bedrooms 3

Full Baths 2

Year Built 1979

Annual Tax Amount $1,508

Lot Size 0.380 Acres

Acres 0.38

Lot Dimensions 0.38

Property Sub-Type Manufactured On Land

Property Description

INCREDIBLE INCOME-PRODUCING OPPORTUNITY! Situated on 0.38 acres, this COMPLETELY REMODELED three bedroom, two bath manufactured home offers 1,248 sq. ft. of beautifully updated living space with modern finishes throughout and brand new appliances! The property also features two massive shops measuring approximately 1,384 and 1,080 sq. ft., offering exceptional flexibility and income potential! With verified rental history of $2,100/month for the home, $1,500/month for the front shop, and $1,000/month for the back shop, this property has generated $4,600/month or $55,200 annually in gross rental income! Live in the home while collecting shop rents, or maximize all three income streams! Ample parking, impressive shop space, and established rental history make this a rare opportunity for homeowners and investors alike!

Location

State OR

County Jackson

Direction Lozier to Meadows lane. Side gravel street.

Rooms

Basement None

Interior

Interior Features Breakfast Bar, Ceiling Fan(s), Granite Counters, Open Floorplan, Smart Thermostat, Tile Counters

Heating Forced Air, Heat Pump

Cooling Heat Pump

Window Features Double Pane Windows

Exterior

Parking Features Attached, Attached Carport, Driveway, Gravel, RV Access/Parking, RV Garage, Storage, Workshop in Garage

Roof Type Composition

Garage No

Building

Lot Description Fenced

Foundation Block

Water Public

Architectural Style Traditional

Level or Stories One

Structure Type Frame

New Construction No

Schools

High Schools South Medford High

Others

Senior Community No

Tax ID 10432764

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional, FHA, USDA Loan, VA Loan

Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan

Special Listing Condition Standard

Listed by John L. Scott Medford

NEARBY SCHOOLS & PROPERTIES

Michelle Rea

Designated Principal Broker/License Partner License ID: 200908013

+1(541) 350-8256

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