4550 Rogue River HighwayGrants Pass, OR 97527
Exceptional 10-unit multifamily investment property on the Rogue River! Featuring charming cottage-style homes, many with private decks that enhance curb appeal and outdoor living. Mature trees throughout the property create a serene, park-like setting with beautiful natural surroundings. Several units offer scenic river views, making this a truly unique and desirable rental community. Fully occupied, with current under market rents of. $8,785/month produces close to a 7% Cap Rate. Potential market rents are estimated at $12,775 and potential cap rate of 10.2%. Each unit includes electric heat, separate electric meters, block foundation, and ample parking. The property has a well & septic system helping keep costs low. Bonus RV pad with hookup and a coin-op laundry area offers additional income potential. A dedicated caregiver maintains the grounds for ease of ownership. Expand your portfolio with a high-demand, income-generating property in an unbeatable location.
- Property Type:
Residential Income
- Architectural Style:
Other
- Bedrooms:
- Bathrooms:
0
- Dwelling Size:
0 SqFt
- Lot Size:
1.29 Acres
- Lot Description:
- Stories:
- Year Built:
1920
- Interior Features:
- Exterior Features:
- Parking:
Garage or Parking Spaces:
Features: Driveway
- Area:
- Views:
- Schools:
High School(s): Check with District
Middle School(s): Check with District
Elementary School(s): Check with District
- HOA:
- Senior Community:
- Heating:
Electric
- Cooling:
Wall/Window Unit(s)
- Appliances:
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
Smoke Detector(s)
- Foundation:
Concrete Perimeter
- Roof:
Composition