849 Cherry StreetMedford, OR 97501
Feel like you're living in the country on this rare .86 acre parcel in prime South Medford just off Stewart with high density development potential. Adorable 2 bedroom cottage features an open living and kitchen area, laminate flooring, central air, and vinyl windows. Detached carport with storage plus ample space for equipment, toys, trailers, and RV parking. Beautiful setting on a low traffic street, yet minutes to South Medford High School, parks, shopping, and dining. Property includes great tenant who would love to stay and are professionally managed, providing immediate income. Ideal for developers, builders, or investors seeking strong upside. Seller has conceptual plans for a 32 lot cottage cluster development with purchase of both lots and will provide them. Adjacent lot available. Buyer to verify all development details with the city. Possible owner carry.
- Property Type:
Residential
- Architectural Style:
Bungalow
- Bedrooms:
2
- Bathrooms:
1
- Dwelling Size:
768 SqFt
- Lot Size:
0.86 Acres
- Lot Description:
- Stories:
- Year Built:
1936
- Interior Features:
- Exterior Features:
- Parking:
Garage or Parking Spaces:
Features: Asphalt, Detached Carport, Driveway
- Area:
- Views:
Territorial
- Schools:
High School(s): South Medford High
Middle School(s): McLoughlin Middle
Elementary School(s): Oak Grove Elem
- HOA:
- Senior Community:
False
- Heating:
Natural Gas
- Cooling:
Central Air
- Appliances:
Cooktop
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
Carbon Monoxide Detector(s), Smoke Detector(s)
- Foundation:
Other
- Roof:
Composition