4600 Rogue River Highway, Grants Pass, OR 97527
- $1,190,000
Listing courtesy of Millen Property Group.
- List Price
- $1,190,000
- Status
- ACTIVE
- MLS#
- 220218684
- Acres
- 1.19
- Lot Size
- 51,836
- Year Built
- 1936
- subdivision
- N/A
Property Description
Cash flow property! A rare 9-unit opportunity offering income stability. This one-of-a-kind investment features a 3-bedroom main home, ideal for owner occupancy or on-site management. The other units include six 1-bedroom cottages, one 2-bedroom, and a studio. In addition to the 9 permanent units, there are two spots for RV parking, a laundry room and 2 storage spaces that all provide revenue.The property currently generates an impressive annual income over $134,000, with a net profit over $80,000 annually, based on existing rents. Total monthly rental income is currently $11,175. Several units enjoy decks overlooking the iconic Rogue River, paired with sweeping mountain views, an amenity that enhances both tenant retention and rental appeal. A shared common area provides additional value for tenant enjoyment and community feel. Ideally located between Grants Pass and Medford, providing convenient access to regional amenities. Owner-financing is not available.
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Additional Information
- Style
- Bungalow
- Stories
- One
- Foundation
- Concrete Perimeter, Pillar/Post/Pier
- Roof
- Asphalt, Composition
- Flooring
- Carpet, Tile, Vinyl
- Interior Features
- Ceiling Fan(s), Linen Closet
- View
- Mountain(s), River, Territorial
- Cooling
- Wall/Window Unit(s)
- Heating
- Natural Gas, Wall Furnace
- Water
- Well
- Sewer
- Septic Tank
- Elementary School
- Fruitdale Elem
- Middle School
- Lincoln Savage Middle
- High School
- Hidden Valley High
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The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Listing content is copyright © 2018 SOMLS, Medford, Oregon. Last updated: