1 of 34
Tools
Size
8.03 Acres
Exterior
Financial
$1,699,000
Change Currency
$2,069
Annual taxes
Listing Details
Multi Family
Property type
1969
Year Built
11917750
Web Id
220179191
MLS ID
99
Days Posted
Description
3251 Rogue River Highway,
Grants Pass,
OR
97527
Grants Pass, OR 97527
Amazing investment opportunity with 12 units consisting of 7 individual cottages, 2 duplexes and one 3 bedroom home all set on 8 park like acres. Approx. $13,000 in rents and low expenses for a 6% cap rate using property management. Increased cap rate possible with next year's rent increases and self management. Constantly attracts tenants due to its spread out cottages in the trees and gorgeous grounds and beautifully maintained landscaping. The interiors of the cottages are updated, clean and full of charm. Many long-term tenants who have resided here for years. There is a nice community laundry facility with new coin-op washers and dryers. Many new roofs, new rain gutters, irrigation for watering, a great well, several fenced yards and updated interiors, and a common area. New ductless mini split HVAC units.
This is an Active listing.
Broker Office Phone Number: 541-292-4444
Copyright © 2024Southern Oregon MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 541-292-4444
Copyright © 2024Southern Oregon MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Carpet
- Carpeted Floors
- Laminate Flooring
- Heat Pump
- Composition Shingle Roof
- Driveway
Price History
date | price | variance | type |
---|---|---|---|
8/7/2024 | $1,699,000 | 5.56 % | decreased |
6/11/2024 | $1,799,000 | - | Listed |
Listing By: eXp Realty, LLC via Data Source: Southern Oregon MLS
listing agent: Jacob Rockwell