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About This Home
This 0-bedroom, 0-bathroom residential multi family at 387 Tavis Drive in Merlin, OR is listed for $1,850,000 ($181 per sqft). Built in 1983, the home offers 10,236 sqft of living space on a 8.06 acres lot.
16-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.
Key Features
- Built in 1983
- 8.06 acre lot
Property Details
Amenities
Monthly Cost Estimate
$9,894/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
387 Tavis Drive
Merlin, OR 97532
Property Details
Parking
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 387 Tavis Drive is listed at $1,850,000 ($181/sqft). The estimated monthly payment is $8,017 based on 20% down at 6.5% interest.
Key features include: Built in 1983, 8.06 acre lot.
This property is listed by Martin Outdoor Property Group and can be reached at 5416605111 or chris@martinoutdoorproperties.com.