1221 Skeeters Ln Medford, OR 97504
- Apartment buildings
- 24,896 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1221 Skeeters Ln
- Year built
- 1998
- Property size
- 24,896 SF
- Property type
- Apartment buildings
Description
This exceptional 19-unit apartment building, PineHurst Village Estates, presents a compelling investment opportunity in Medford, Oregon. Boasting a desirable 5.30% cap rate and an asking price of $5,500,000, this property offers significant potential for strong returns. The complex comprises 24,896 square feet, with each of the 19 units averaging 1,310 square feet. Units feature two or three bedrooms, two full bathrooms, private backyards with covered patios, two-car garages, vaulted ceilings, washer/dryer hookups, ample storage, and air conditioning. The meticulously landscaped community features a single entrance and exit, wide drives, and sidewalks, enhancing both security and curb appeal. Situated in Jackson County, this property benefits from its proximity to a wealth of amenities. Within a short drive, residents enjoy access to Providence Medford Medical Center, various schools, major retailers such as Safeway and Cinemark, fitness centers, and the Bear Creek Shopping Center and The Village at Medford Center. The location also provides easy access to parks, bus services, and the scenic beauty of Oregon's Rogue Valley wine country. Each condominium sits on its own tax lot, presenting future development opportunities. Built in 1998, this one-story building is a well-maintained and attractive investment. The price per square foot is $289.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.857
- Latitude
- 42.3371
