387 Tavis DriveMerlin, 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. 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.
- Property Type:
Residential Income
- Architectural Style:
Other
- Bedrooms:
- Bathrooms:
0
- Dwelling Size:
0 SqFt
- Lot Size:
8.06 Acres
- Lot Description:
- Stories:
- Year Built:
1983
- Interior Features:
- Exterior Features:
- Parking:
Garage or Parking Spaces:
Features: Detached, Driveway
- Area:
- Views:
- Schools:
High School(s): North Valley High
Middle School(s): Fleming Middle
Elementary School(s): Ft Vannoy Elem
- HOA:
- Senior Community:
- Heating:
Other
- Cooling:
Other
- Appliances:
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
- Foundation:
Other
- Roof:
Composition,Metal