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387 Tavis Drive, Merlin, OR 97532

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For Sale

$1,999,999

8.06 acres

Estimated Payment

$      /mo. †

APR for 30 years

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

  • 8.1 acres
    Lot size

  • 41-50 Years Old
    Age

Explore this Property

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. The property has a current gross rent of approximately $155,000 per year and with some further improvement, has the potential for increasing that to over $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.
MLS# 220168856

Courtesy Of John L Scott

(541) 779-3611

Property Features

  • Age
    41-50 Years Old
  • Architecture Style
    Other
  • Lot Size
    8.06 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 387 Tavis Drive, Merlin, OR 97532

Home seller CENTURY 21 J.C. Jones American Dream

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 J.C. Jones American Dream

(541) 476-6502
Learn More About Us

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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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† 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.