4600 Rogue River HighwayGrants Pass, OR 97527
Cash flow property! A rare 9-unit opportunity offering income stability. This one-of-a-kind investment features a 3-bedroom main home, ideal for owner occupancy or on-site management. The other units include six 1-bedroom cottages, one 2-bedroom, and a studio. In addition to the 9 permanent units, there are two spots for RV parking, a laundry room and 2 storage spaces that all provide revenue.The property currently generates an impressive annual income over $134,000, with a net profit over $80,000 annually, based on existing rents. Total monthly rental income is currently $11,175. Several units enjoy decks overlooking the iconic Rogue River, paired with sweeping mountain views, an amenity that enhances both tenant retention and rental appeal. A shared common area provides additional value for tenant enjoyment and community feel. Ideally located between Grants Pass and Medford, providing convenient access to regional amenities. Owner-financing is not available.
- Property Type:
Residential Income
- Architectural Style:
Bungalow
- Bedrooms:
- Bathrooms:
0
- Dwelling Size:
0 SqFt
- Lot Size:
1.19 Acres
- Lot Description:
- Stories:
- Year Built:
1936
- Interior Features:
Ceiling Fan(s), Linen Closet, Primary Downstairs
- Exterior Features:
- Parking:
Garage or Parking Spaces:
Features: Asphalt, Driveway, Gravel, Parking Lot
- Area:
- Views:
Mountain(s), River, Territorial
- Schools:
High School(s): Hidden Valley High
Middle School(s): Lincoln Savage Middle
Elementary School(s): Fruitdale Elem
- HOA:
- Senior Community:
- Heating:
Natural Gas,Wall Furnace
- Cooling:
Wall/Window Unit(s)
- Appliances:
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
Carbon Monoxide Detector(s), Smoke Detector(s)
- Foundation:
Concrete Perimeter,Pillar/Post/Pier
- Roof:
Asphalt,Composition