Listing courtesy of Century 21 JC Jones American Dream.
4.88 acre Lot with Multi-Family rental income of $4,039 per month. Zoned RR-2.5 the rear undeveloped half could possibly be a separate tax lot. There are several different types of Loans available to you including owner-occupied that adds the rental income to qualify. Set on a beautiful park like 4.88 acres with the Rogue River across the road, there are 4 rentals; a 2 bed/1 bath home @ $1425, a Studio @ $995, a Cabin @ $900, and a MH space rented to a long term, tenant owned, very nice MH @ $715. Both Studio and Cabin were completely remodeled with new appliances and flooring. You can be in Grants Pass or Rogue River in 7 minutes, & Medford in 20. The front 1/2 of the lot has the residences, a small Orchard of Cherry, Pear, & Apple trees, and open space. Out of town SELLER is MOTIVATED as they have found an Investment Property near them. Call for Loan Info Contact #s. Or look up Randy Free of CrossCountry Mortgage who has looked into the Property Loan Possibilities for the Owner.
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