3251 Rogue River HighwayGrants Pass, OR 97527
Amazing investment opportunity featuring 12 units, including 7 individual cottages, 2 duplexes, and one 3-bedroom home, all set on 8 park-like acres. Currently generating over $13,000 in monthly rents with a strong 7% cap rate, this property offers immediate cash flow with additional upside potential through future rent increases and self-management. Tenants are consistently drawn to the unique layout of spread-out cottages nestled among mature trees, creating a private, community-style setting with beautifully maintained grounds. Many long-term tenants provide stability and consistent income. The property has seen numerous updates, including clean, well-maintained interiors full of charm, newer roofs, rain gutters, irrigation, a strong well, fenced yards, common areas, community laundry with coin-op machines, and ductless mini-split HVAC systems for efficient heating and cooling. This rare find combines rural tranquility with a robust, diversified revenue stream for the savvy investor
- Property Type:
Residential Income
- Architectural Style:
Bungalow
- Bedrooms:
- Bathrooms:
0
- Dwelling Size:
0 SqFt
- Lot Size:
8.03 Acres
- Lot Description:
- Stories:
- Year Built:
1969
- Interior Features:
- Exterior Features:
- Parking:
Garage or Parking Spaces:
Features: Driveway
- Area:
- Views:
- Schools:
High School(s): Hidden Valley High
Middle School(s): Lincoln Savage Middle
Elementary School(s): Fruitdale Elem
- HOA:
- Senior Community:
- Heating:
Electric,Heat Pump
- Cooling:
Heat Pump
- Appliances:
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
- Foundation:
Block,Pillar/Post/Pier
- Roof:
Composition