4600 Rogue River Highway, Grants Pass, OR 97527
- $1,190,000
- List Price
- $1,190,000
- Status
- ACTIVE
- Days on Market
- 158
- MLS#
- 220218684
- Subtype
- Residential Income
- Style
- Bungalow
- Year Built
- 1936
- Lot Size
- 51,836
- Acres
- 1.19
- Subdivision
- N/A
- Neighborhood
- N/A
Property Description
Cash flow property! A rare 9-unit opportunity offering income stability. This one-of-a-kind investment features a 3-bedroom main home, ideal for owner occupancy or on-site management. The other units include six 1-bedroom cottages, one 2-bedroom, and a studio. In addition to the 9 permanent units, there are two spots for RV parking, a laundry room and 2 storage spaces that all provide revenue.The property currently generates an impressive annual income over $134,000, with a net profit over $80,000 annually, based on existing rents. Total monthly rental income is currently $11,175. Several units enjoy decks overlooking the iconic Rogue River, paired with sweeping mountain views, an amenity that enhances both tenant retention and rental appeal. A shared common area provides additional value for tenant enjoyment and community feel. Ideally located between Grants Pass and Medford, providing convenient access to regional amenities. Owner-financing is not available.
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Additional Information
- Interior Features
- Ceiling Fan(s), Linen Closet
- Taxes
- $3,483
- Property Description
- Bungalow
- Zoning
- Rr1; Rural Res 1 Ac
- Flooring
- Carpet, Tile, Vinyl
- Heating
- Natural Gas, Wall Furnace
- Air Conditioning
- Wall/Window Unit(s)
- Stories
- One
- Levels
- One
- Roof
- Asphalt, Composition
- Foundation
- Concrete Perimeter, Pillar/Post/Pier
- Parking Features
- Asphalt, Driveway, Gravel, Parking Lot
- Elementary School
- Fruitdale Elem
- Middle School
- Lincoln Savage Middle
- High School
- Hidden Valley High
- View
- Mountain(s), River, Territorial
Listing courtesy of Millen Property Group.
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