387 Tavis Dr | Image 1
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$1,999,999

For Sale

3 years ago

MLS® 220168856

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $7,639
Days Active 946
Lot Size 8.06 acres
Approx. Age 1983
MLS® Number 220168856

Property Address: 387 Tavis Dr, Merlin, OR, 97532-8828

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number220168856
Laundry Level
Central VacNo
FireplaceNo
Acreage8.06
Exterior
GarageNo
Approx. Age1983
Basement
DrivewayDetached, Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 31, 2023List Date
$1,999,999List Price
  • Commute

Commute

Starting Address
Destination Address
387 Tavis Dr, Merlin, OR

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