Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1983
Sq.Footage
N/A
16-unit rental portfolio on just over 8 acres of property. Consisting of 16 lots with 10 homes owned by the seller & the remaining 6 homes are tenant-owned renting the space. The property has a current gross rent of approximately $155,000 per year and with some further improvement, has the potential for increasing that to over $200,000/year! Each lot is independent & a new owner could sell off separate lots to create a gain or to tailor the investment to their liking. Located in the heart of Merlin the neighborhood has access to abundant natural beauty & recreation with the world famous Rogue River right nearby - an attraction that draws thousands of travelers each summer who flock to Merlin for rafting & fishing. The Grants Pass city center is just under 9 miles from Tavis Drive providing a variety of dining options, shopping, entertainment, & plentiful health care options.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Other
-
Heating YN
YES
-
Heating
Other
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Detached, Driveway
-
Pool
No
Area & Lot
-
Lot Size(acres)
8.06
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Other
Price
-
Sales Price
$1,999,999
-
Tax Amount
7638.89
-
Zoning
CR-2
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Ft Vannoy Elem
-
Middle School
Fleming Middle
-
High School
North Valley High
Property Features
-
Foundation Details
Other
-
Sewer
Septic Tank, Other
-
Tax Lot
300
-
Water Source
Shared Well, Other
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Location
County
Josephine
Elementary School
Ft Vannoy Elem
Middle School
Fleming Middle
High School
North Valley High
Listing Courtesy of Martin Outdoor Property Group , John L. Scott Medford
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Broker
ChristySymons Your - Central Oregon Realtor
Call Christy today to schedule a private showing.
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