Elegant 16 Unit Portfolio With Scenic Outdoor Appeal
Updated: June 19
MLS#220168856
About the Property
Sixteen-unit rental portfolio on just over eight acres of property. Consisting of sixteen lots with ten homes owned by the seller and the remaining six 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 per year! Each lot is independent and a new
Sixteen-unit rental portfolio on just over eight acres of property. Consisting of sixteen lots with ten homes owned by the seller and the remaining six 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 per year! Each lot is independent and 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 and recreation with the world famous Rogue River right nearby - an attraction that draws thousands of travelers each summer who flock to Merlin for rafting and fishing. The Grants Pass city center is just under nine miles from Tavis Drive providing a variety of dining options, shopping, entertainment, and plentiful health care options.
Exceptional Homes by John L. Scott unites exquisite homes with distinguished consumers of influence and affluence f
Exceptional Homes by John L. Scott unites exquisite homes with distinguished consumers of influence and affluence from around the world. Our luxury brokers understand that the decision to purchase a home is about the property, but also the community and lifestyle. Our Certified Luxury Home Specialists know that bringing together buyers and sellers of luxury homes requires a deep knowledge of all aspects of the market. A thorough and detailed understanding of the trends of the ever-changing, and often competitive, luxury markets of the Pacific Northwest is essential. Our luxury experts are scholars of the market, and will put that knowledge to work for you, whether you are considering selling a home, or looking to purchase your next dream retreat.
In 1931 John L. Scott Real Estate started in Downtown Seattle with the vision of delivering concierge level service by putting clients first. Three generations later, we’ve grown to over 110 offices and more than 3,100 broker associates in Washington, Oregon, Idaho, and California and can attribute our success to the fact that, even after 86 years in the business, we still hold tight to our core value of “Living Life as a Contribution™” in every facet of life: at home, work, and at play.
At John L. Scott Real Estate we believe our clients live exceptional lives, and they deserve Exceptional Homes.
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Last updated
June 19
First listed
Apr 10
Listing reference
b45918a2-ba40-11f0-8e07-6045bdd61ac4
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