387 Tavis Drive, Merlin, OR 97532
- $1,850,000
Listing courtesy of John L. Scott Medford.
- List Price
- $1,850,000
- Price Change
- ▼ $149,999 1780112596
- Status
- ACTIVE
- MLS#
- 220168856
- Acres
- 8.06
- Lot Size
- 351,093
- Year Built
- 1983
- subdivision
- N/A
Property Description
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.
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Additional Information
- Style
- Other
- Stories
- One
- Foundation
- Other
- Roof
- Composition, Metal
- Flooring
- Other
- Cooling
- Other
- Heating
- Other
- Water
- Other, Shared Well
- Sewer
- Capping Fill, Other, Sand Filter, Septic Tank
- Elementary School
- Ft Vannoy Elem
- Middle School
- Fleming Middle
- High School
- North Valley High
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