1. Oregon
  2. Merlin
  3. 387 Tavis Drive
$1,999,999

387 Tavis Drive, Merlin, OR 97532

  • 10,236 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1983
  • Property Lot Size Icon8.06acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $195/sqft
  • Property List Date Icon Listed 1 year ago

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.

Listing Status:
Active
Date Added:
May 20, 2024 at 05:00AM
Listing Office:
Land Leader : Alex@MartinOutdoorProperties.com
MLS ID:
220168856
  • Flooring: Other
  • A/C: Other
  • Heating: Other

This listing courtesy of Land Leader

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

F

Ft Vannoy Elementary School

5250 Upper River Rd, Grants Pass, OR, 97526

Grades KG-5

5.29 miles away

F

Fleming Middle School

6001 Monument Dr, Grants Pass, OR, 97526

Grades 6-8

2.64 miles away

N

North Valley High School

6741 Monument Dr, Grants Pass, OR, 97526

Grades 9-12

2.58 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.