4550 Rogue River HWY new Save Request In-Person Tour Request Virtual Tour
Grants Pass,OR 97527
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,798 sqft
Price per Sqft $141
MLS Listing ID 220200419
Style Other
Year Built 1920
Annual Tax Amount $3,928
Lot Size 1.290 Acres
Property Sub-Type Multi Family
Property Description
Exceptional 10-unit multifamily investment property on the Rogue River! Featuring charming cottage-style homes, many with private decks that enhance curb appeal and outdoor living. Mature trees throughout the property create a serene, park-like setting with beautiful natural surroundings. Several units offer scenic river views, making this a truly unique and desirable rental community. Fully occupied, with current under market rents of. $8,785/month produces close to a 7% Cap Rate. Potential market rents are estimated at $12,775 and potential cap rate of 10.2%. Each unit includes electric heat, separate electric meters, block foundation, and ample parking. The property has a well & septic system helping keep costs low. Bonus RV pad with hookup and a coin-op laundry area offers additional income potential. A dedicated caregiver maintains the grounds for ease of ownership. Expand your portfolio with a high-demand, income-generating property in an unbeatable location.
Location
State OR
County Josephine
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Exterior
Parking Features Driveway
Roof Type Composition
Building
Foundation Concrete Perimeter
Water Well
Structure Type Frame
New Construction No
Schools
High Schools Check With District
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard