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.
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: John L. Scott Medford
Shown By
Agent Name: Julie Carnagey Broker
Agent Phone: (541) 410-8583
Agency Title: Bend Premier Real Estate
Estimate Your Payment
Estimated Payment
$ 11,332.92 per month $10,113.09 Principal & Interest $636.50 Property Tax $583.33 Homeowner's InsuranceChange Payment Information
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387 Tavis Drive | MLS# 220168856
This multi-family property located at 387 Tavis Drive, Merlin, OR 97532 is currently listed for sale with an asking price of $1,999,999. Search Merlin real estate on juliecarnagey.bendpremierrealestate.com today.