307 Tussey Ln - Apartments FOR SALE


Grants Pass, OR 97527
$1,195,000 USD
307 Tussey Ln, Grants Pass, OR for Sale
$1,195,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

307 Tussey Ln
Grants Pass, OR 97527


HIGHLIGHTS

  • Multi- Family
  • Several New Updates
  • Fully ocupied with Tennants

OVERVIEW

This well-maintained 7-unit property consists of 3 duplexes and a single-family home situated on 2 separate tax lots, offering flexibility and potential for future expansion or resale. Several units have been updated with new kitchens and flooring, while others remain in solid, original condition--providing potential for future value-add improvements. Recent upgrades include repiping of the main plumbing line, fresh exterior paint, and a newly added laundry room for tenant convenience. Each unit includes designated parking and a storage shed, with a shared gravel driveway. Surrounded by mature trees and well-manicured landscaping, the property demonstrates a high standard of upkeep. Currently fully occupied with solid rental history and stable tenants, this property delivers room for increased returns through future unit updates or rent adjustments. A low-maintenance, high-performing asset perfect for a buyer looking for immediate cash flow and long-term upside.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$297 USD /SF

# OF UNITS

7

PRICE/UNIT

$170,714

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

R-2

APN/PARCEL ID

R313115,R313116

ASK ABOUT THIS PROPERTY

Jake RockwellRockwell Group | eXp Realty, LLCMore Info

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Jake RockwellRockwell Group | eXp Realty, LLCMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.