4527 Balsam Dr Klamath Falls, OR 97601

This exceptional 5.21-acre parcel in Klamath Falls, Oregon, presents a compelling investment opportunity. Located at 4527 Balsam Dr, 97601, this property is zoned for Medium Density Residential development, offering significant potential. The APN is 535415. Preliminary plans indicate the possibility of subdividing into approximately 34 lots, each potentially costing under $8,000 based on the current asking price of $268,500. The land value is assessed at $51,727 per acre. This attractive location benefits from its proximity to the 9-acre Cregan Park, enhancing the desirability and livability of the future residential development. The property is owned by Big Horn Ventures and all offers will be considered. This presents a unique chance to develop a residential community or hold for future appreciation. The property's location in Klamath County, Oregon, offers a desirable setting for residential growth. Buyers can choose to develop the land in phases or hold it for long-term appreciation. This is a prime opportunity to capitalize on the potential of this well-situated land. The latitude and longitude coordinates are 42.1922216, -121.8144617 respectively.