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3251 Rogue River Highway
Grants Pass OR 97527 US

$1,899,000

Active Listing ID 220179191
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Lot: 8.03 Acres
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Multi Family

$1,899,000

Active Listing ID 220179191
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3251 Rogue River Highway Amazing investment opportunity with 12 units consisting of 7 individual cottages, 2 duplexes and one 3 bedroom home all set on 8 park like acres. Approx. $13, 000 in rents and low expenses for a 6% cap rate using property management. Increased cap rate possible with next year's rent increases and self management. Constantly attracts tenants due to its spread out cottages in the trees and gorgeous grounds and beautifully maintained landscaping. The interiors of the cottages are updated, clean and full of charm. Many long-term tenants who have resided here for years. There is a nice community laundry facility with new coin-op washers and dryers. Many new roofs, new rain gutters, irrigation for watering, a great well, several fenced yards and updated interiors, and a common area. New ductless mini split HVAC units.

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Property Features

  • Facts
  • Lot Size: 8.03 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Multi Family
  • Features
  • Cooling System: Heat Pumps
  • Floor Covering: Carpet, Laminate
  • Roof Type: Composition
  • Heating Fuels: Heat Pump

School Information

  • School
  • Fruitdale Elem(Elementary)
  • Lincoln Savage Middle(MiddleSchool)
  • Hidden Valley High(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Multi Family
  • listprice: 1899000
  • unparsedaddress: 3251 Rogue River Highway
  • postalcity: Grants Pass
  • stateorprovince: OR
  • country: US
  • postalcode: 97527
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 8.03
  • lotsizeunits: Acres
  • lotsizearea: 8.03
  • livingareaunits: Square Feet
  • latitude: 42.423491
  • longitude: -123.276092
  • listagentfullname: Jacob Rockwell
  • listagentemail: jake@rockwellrealestate.com
  • listagentkey: 3yd-SORMLS-20200218213407030300000000
  • listagentmlsid: 20200218213407030300000000
  • listagentpreferredphone: 5412924444
  • listagentofficephone: 5412924444
  • listofficekey: 3yd-SORMLS-20200217215405541084000000
  • listagentstatelicense: 201207277
  • listofficemlsid: 20200217215405541084000000
  • disclaimer: Copyright © 2024 Southern Oregon MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: SORMLS
  • yearbuilt: 1969
  • listagenturl: http://www.RockwellRealEstate.com
  • countyorparish: Josephine
  • parcelnumber: R315483
  • elementaryschool: Fruitdale Elem
  • highschool: Hidden Valley High
  • cooling: Heat Pumps
  • constructionmaterials: Frame
  • flooring: Carpet, Laminate
  • heating: Heat Pump
  • numberofunitstotal: 12
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • parkingfeatures: Driveway
  • roof: Composition
  • waterfrontyn: False
  • architecturalstyle: Bungalow
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -123.276092, 42.423491
  • customfields: {"AlternatePrices":[], "Expenses":[], "Neighborhoods":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/3251-Rogue-River-Hwy_Grants-Pass_OR_97527_M26317-05346?f=listhub&s=SORMLS&m=220179191&c=rexren", "LeadRoutingEmail":"info@rockwellrealestate.com", "BrokerName":"eXp Realty, LLC", "ListingTitle":"Multi Family, Cottage/Bungalow - Grants Pass, OR", "ListOfficeBrokerMlsId":"20200218213428296416000000", "ListOfficeEmail":"or.broker@exprealty.net", "ListOfficeAddress1":"839 E Jackson St, Medford, OR 97504", "ListOfficeAddress2":null, "ListOfficeCity":"Medford", "ListOfficePostalCode":"97504", "ListOfficeStateOrProvince":"OR", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"eXp Realty, LLC", "ListBrokeragePhone":"541-292-4444", "ListBrokerageEmail":"Info@rockwellrealestate.com", "ListBrokerageWebsiteUrl":"https://exprealty.com/", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/SORMLS/28782801ce4411e692ef0242ac110003/20210115082025402.png", "ListBrokerageUnparsedAddress":"839 E Jackson St", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"Medford", "ListBrokerageStateOrProvince":"OR", "ListBrokeragePostalCode":"97504", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-03-25T12:33:49Z", "Taxes":[{"TaxYear":"2023", "TaxAnnualAmount":2069.15, "TaxDescription":null}]}
Listing Changed: 3/26/2024 2:48:00 PM GMT
Source Updated Date: 5/8/2024 6:39:41 AM GMT

Courtesy of: Jacob Rockwell, eXp Realty, LLC, jake@rockwellrealestate.com

Copyright © 2024 Southern Oregon MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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