387 Tavis Drive Merlin, OR 97532
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. 14 of the 16 lots are rented with 2 homes under repair to bring to the rental market. The 14 properties currently bring in a gross income of +/- $164, 000/year! An additional $36, 000 could be estimated for the two vacant homes, pushing this property's gross to $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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyJosephine
- Taxes$7,638
- HOA/Condo/Coop Fees$0
- Days on Site270 Days
- MLS StatusPending
- MLS ID Number220168856
- Home Size Source N/A
- Year Built1983
- Lot Size8.06 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Other
- Parking DetachedDriveway
- Sewer OtherSeptic Tank
- Number of Stories 1
- Acreage 8.06
- Water OtherShared Well
- Cross Street Front Street
- Property Sub Type Multi Family
- Attached Garage No
- Foundation Other
- Zoning CR-2
- Listing Conditions Standard
Interior Features
- Cooling Other
- Heating Other
- Flooring Other
Exterior Features
- Roof CompositionMetal