387 Tavis Dr - Manufactured Housing/Mobile Housing FOR SALE


Merlin, OR 97532
$1,999,999 USD
541-660-5111
387 Tavis Dr, Merlin, OR for Sale
$1,999,999 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/38
null | Request Cap Rate

387 Tavis Dr
Merlin, OR 97532


HIGHLIGHTS

  • Sixteen independent lots allow flexible investment and individual parcel sales.
  • Mix of seller owned homes and tenant owned units provides diversified income.
  • Utilities in place across all lots support efficient ownership and operations.
  • Located minutes from the Rogue River, a major draw for tourism and recreation.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,999,999 USD

PRICE/SF

$166 USD /SF

# OF UNITS

10

PRICE/UNIT

$200,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.06 AC

LAND SF

351,094 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alex LarsonLandLeader NorthwestMore Info
541-660-5111

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Alex LarsonLandLeader NorthwestMore Info
541-660-5111

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