$619,000
7015 Rogue River Highway, Grants Pass, OR 97527
4.0
beds
3.0
baths
1,554
sqft
Property Type
Single Family Residence
Single Family Residence
Built
1938
1938
Lot Size
4.87 Acres
4.87 Acres
Property Highlights
Property highlights
– 4.88-acre parcel zoned RR-2.5
– Monthly multi-family rental income: $4,039
– Four rental units on site:
– 2 bed / 1 bath house — $1,425/month
– Studio — $995/month (remodeled with new appliances and flooring)
– Cabin — $900/month (remodeled with new appliances and flooring)
– Mobile home space — $715/month (occupied by tenant-owned MH, long-term tenant)
– Rear undeveloped half of the property may be eligible to be a separate tax lot
– Owner-occupied loan programs may allow rental income to be included for qualification; owner consulted Randy Free of CrossCountry Mortgage regarding loan possibilities
– Front half contains the residences, a small orchard (cherry, pear, apple trees) and open space
– Rogue River is located across the road
– Approximately 7 minutes to Grants Pass or Rogue River, and about 20 minutes to Medford
– Seller is out of town and has found another investment property
Facts & features
Bedrooms
4.0
4.0
Bathrooms
3.0
3.0
Square Feet
1,554
1,554
Listed By
Century 21 JC Jones American Dream
Century 21 JC Jones American Dream
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