387 Tavis Drive, Merlin, Oregon, 97532, USA (Off Market)

For Sale, USD 1,850,000


387 Tavis Drive, Merlin, Oregon, 97532, USA,

Property Type : Residential Lot

Property Style : N/A

Build Size : N/A

Land Size : 351,094 ft² / 32,618 m² Convert Land Size

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


Property Description

Sixteen-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.
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387 Tavis Drive, Merlin, Oregon, 97532, USA, United States,Oregon,Merlin is a Merlin luxury Residential Lot listed for sale USD 1,850,000. This high end Merlin Residential Lot is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Merlin or search for luxury properties for sale in Merlin.