3251 Rogue River Hwy - Apartments FOR SALE


Grants Pass, OR 97527
$1,825,000 USD
3251 Rogue River Hwy, Grants Pass, OR for Sale
$1,825,000 USD
Apartments - FOR SALE
1/33
null | 7% Cap Rate

3251 Rogue River Hwy
Grants Pass, OR 97527


HIGHLIGHTS

  • Multi- Family
  • Numerous Updates

OVERVIEW

Amazing investment opportunity featuring 12 units, including 7 individual cottages, 2 duplexes, and one 3-bedroom home, all set on 8 park-like acres. Currently generating over $13,000 in monthly rents with a strong 7% cap rate, this property offers immediate cash flow with additional upside potential through future rent increases and self-management. Tenants are consistently drawn to the unique layout of spread-out cottages nestled among mature trees, creating a private, community-style setting with beautifully maintained grounds. Many long-term tenants provide stability and consistent income. The property has seen numerous updates, including clean, well-maintained interiors full of charm, newer roofs, rain gutters, irrigation, a strong well, fenced yards, common areas, community laundry with coin-op machines, and ductless mini-split HVAC systems for efficient heating and cooling. This rare find combines rural tranquility with a robust, diversified revenue stream for the savvy investor

FOR SALE DETAILS

PRICE

$1,825,000 USD

PRICE/SF

$280 USD /SF

# OF UNITS

12

PRICE/UNIT

$152,083

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fountain Park Cottages

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.03 AC

LAND SF

349,787 SF

ZONING

RR5

APN/PARCEL ID

R315483

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.