For Sale, USD 1,999,999
387 Tavis Dr, Merlin, OR 97532, USA, Merlin, Oregon, United States
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 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.
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387 Tavis Dr, Merlin, OR 97532, USA, United States,Oregon,Merlin is a Merlin luxury Residential Lot listed for sale USD 1,999,999. 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.