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$ 1,999,999
Est. payment | /mo
10,236 SqFt
$ 1,999,999
Est. payment | /mo
10,236 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,236 sqft
Price per Sqft $195
MLS Listing ID 220168856
Style Other
Year Built 1983
Annual Tax Amount $7,638
Lot Size 8.060 Acres
Acres 8.06
Lot Dimensions 8.06
Property Sub-Type Multi Family
Property Description
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.
Location
State OR
County Josephine
Interior
Heating Other
Cooling Other
Exterior
Parking Features Detached, Driveway
Roof Type Composition,Metal
Building
Foundation Other
Water Shared Well, Other
Architectural Style Other
Level or Stories One
New Construction No
Schools
High Schools North Valley High
Others
Senior Community No
Tax ID R303680
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by John L. Scott Medford