701 Caves HighwayCave Junction, OR 97523
Investor Alert! This 4-unit income property on 2.48 acres with RR5 zoning in Cave Junction is a rare find. The property includes 3 income-producing units plus one recently remodeled and currently vacant unit, perfect to live in while collecting rents from the others, or lease all four for maximum return. Features include two 1 bed/1 bath cottages renting at $825 each, a refreshed 2 bed/1 bath cottage rented at $800 with new appliances and flooring, and a 2 bed/1 bath 1,056 sq. ft. modular home renting for $1,000. Supported by a shared well and two septic systems, all tenants are on month-to-month agreements. Conveniently located off Hwy 199 next to the fire station, this strong income producer delivers immediate cash flow with excellent potential for future value-add. Don't miss this solid investment! Owner Will Carry!
- Property Type:
Residential Income
- Architectural Style:
Bungalow
- Bedrooms:
- Bathrooms:
0
- Dwelling Size:
0 SqFt
- Lot Size:
2.48 Acres
- Lot Description:
- Stories:
- Year Built:
1977
- Interior Features:
- Exterior Features:
- Parking:
Garage or Parking Spaces:
Features: Driveway, Shared Driveway
- Area:
- Views:
- Schools:
High School(s): Illinois Valley High
Middle School(s): Lorna Byrne Middle
Elementary School(s): Evergreen Elem
- HOA:
- Senior Community:
- Heating:
Electric
- Cooling:
None
- Appliances:
Oven, Refrigerator
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
Carbon Monoxide Detector(s), Smoke Detector(s)
- Foundation:
Block,Pillar/Post/Pier
- Roof:
Composition