3251 Rogue River Highway
Grants Pass,
OR
97527
Property Details
List Price: |
$1,899,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
eXp Realty, LLC |
Description/Comments
Lot Size: |
8 acre(s) |
Property Type: |
MultiFamily |
Year Built: |
1969 |
Notes: |
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. |
MlsNumber: |
220179191 |
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Listing Provided By: |
eXp Realty, LLC, original listing |
Name: |
eXp Realty, LLC |
Phone: |
(541) 292-4444 |
Office Name: |
eXp Realty, LLC |
Office Phone: |
(541) 292-4444 |
Agent Name: |
Jacob Rockwell |
Disclaimer: |
Copyright © 2024 Southern 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. |