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Listing 1 out of 15
$899,900 For Sale

8330 Rogue River Highway
Grants Pass, OR 97527

14 units | Multi Family Home
1.44 acres - MLS# 2995137 Courtesy of John L. Scott Medford
Property Photo
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Description

Please do not disturb tenants. Looking for a solid return on your investment? This is it! Listed at a 10.5% CAP with gross rents of $108, 300 and $94, 200 NOI. The property is comprised of 14 units including a 4 plex, duplex, 8 mobile homes plus a 20' x 36' shop. This sale includes all units except 1 mobile (that owner pays a space lease). The property is 1.44 acres and served by a well, and new septic in 2003 (state of the art at the time). With current rents below market, space for an additional 1-2 units plus untapped income on the shop, this property has immediate value now and even greater future upside. It is conveniently located with easy access to both Medford and Grants Pass which substantially increases the tenant pool. Owner carry preferred with $350, 000 down, cash or private money offers welcome, conventional financing potentially considered. Call with questions or to schedule a tour.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Sgl Fam Res
  • Listing Status: Active
  • County/Area: Jackson County
  • Zip Code: 97527
  • Sq.Ft.: 1 sq ft
  • Units: 14 units
  • Lot Size: 1.44 acres
  • Zoning: UR-1
  • # of Garages: 1.00
  • Annual Expenses: 14100.00
  • Association: Southern Oregon Multiple Listing Service
  • Construction: Mobile Home, Frame
  • Directions: i5 to Rogue River, east on Depot St to cross the river, right (north) on Rogue River Hwy and continue to the property on the right.
  • Extras: Separate Elec. Meter
  • Household Water Avlb: Shared Well, Well
  • Lot Measurement: Acres
  • Lot Size Source: (Assessor)
  • Net Operating Income: 94200.00
  • Sewer: Septic Tank
Courtesy of John L. Scott Medford
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