Property Address: 4550 Rogue River Hwy, Grants Pass, Oregon
Average square foot calculated using Size range provided by listing agent.
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.
MLS® Number220200419
Laundry Level
Central VacNo
FireplaceNo
Acreage1.29
Exterior
GarageNo
Approx. Age1920
Basement
DrivewayDriveway
Garage Spaces
HeatElectric
A/CWall/Window Unit(s)
Heating Fuel
Extras
4550 Rogue River Hwy, Grants Pass, OR
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