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3251 Rogue River Highway, Grants Pass, OR 97527

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For Sale

$1,899,000

8.03 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 8 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 220179191

Courtesy Of eXp Realty, LLC

(541) 292-4444

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Bungalow
  • Cooling System
    Heat Pumps
  • Floor Covering
    Carpet, Laminate
  • Heating Fuel
    Electric
  • Heating System
    Heat Pump
  • Lot Size
    8.03 Acres
  • Roof Type
    Composition Shingle

Map and Directions

Directions to 3251 Rogue River Highway, Grants Pass, OR 97527

Home seller CENTURY 21 Harris & Taylor

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Harris & Taylor

(541) 474-2014
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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