522 SE J Street A & B Unit A & B, Grants Pass, OR 97526

$329,000

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List Price
$329,000
Status
ACTIVE
Days on Market
161
Price Change
▼ $11,000 1785360021
MLS#
220218518
Subtype
Residential Income
Style
Traditional
Year Built
1978
Lot Size
5,662
Acres
0.13
Subdivision
N/A
Neighborhood
N/A

Property Description

Affordable investment opportunities are getting harder to find! In the heart of Grants Pass, this solid 1978 duplex offers strong income potential and flexibility. Each unit is 1 bed/1 bath, approx. 672 sq ft, with a large living room, galley kitchen, and comfortable bedroom--an easy rental in a strong market. Unit A rents for $975/month, while Unit B is vacant, offering upside to place a new tenant at current rates or live in one side and offset expenses. Includes two tenant storage units and simple, low-maintenance management ideal for self-managing investors. Owner-occupants may qualify for FHA financing with lower rates than investor loans. Proforma cap rate approx. 6.6%

Additional Information

Interior Features
Shower/Tub Combo
Taxes
$2,135
Property Description
Traditional
Zoning
R-3; Res High Density
Flooring
Vinyl
Appliances
Range, Refrigerator, Range Hood
Heating
Baseboard
Air Conditioning
Wall/Window Unit(s)
Stories
One
Levels
One
Roof
Composition
Foundation
Concrete Perimeter
Parking Features
On Street
Elementary School
Check With District
Middle School
Check With District
High School
Check With District

Listing courtesy of Windermere Van Vleet & Assoc..

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