387 Tavis Dr, Merlin, OR 97532, USA
For Sale
$1,999,999 $2,200,000
Welcome to Tavis, Front, and 3rd, a highly attractive multi-unit rental investment property located in the scenic Josephine County. This 16-unit rental investment property portfolio is spread over just over 8 acres and provides an exceptional opportunity for investors looking to diversify their portfolio.
The portfolio consists of 16 individual lots, each equipped with well water, septic, and public power. Out of these, 10 homes are owned by the seller, and the remaining 6 homes are tenant-owned, renting the space. This multi-unit rental investment property offers flexibility and vast potential for an investor. Each lot is independent, allowing a new owner to sell off separate lots to realize gains or tailor the investment to suit their particular needs and strategy. CLICK HERE FOR OUR BROCHURE
13 of the 16 lots are actively rented with 1 home in renovation, nearing completion, to bring it to the rental market. The 13 properties currently bring in a gross yearly income of +/- $155,000! An additional $39,000/year will soon be added for two of the three vacant homes, pushing this property’s gross to $195,000/year! The 16th lot has a well and septic for bringing in a new dwelling unit for another bump in income.
Nestled in the heart of Merlin, a quaint river town, this multi-unit rental investment property provides access to the area’s abundant natural beauty and recreational opportunities. The world-famous Rogue River is within close proximity, drawing thousands of travelers each summer for rafting and fishing. Merlin’s charm is further complemented by its accessibility to the Grants Pass city center, just under 9 miles from Tavis Drive. Grants Pass offers an array of dining, shopping, entertainment, and health care options, adding to the location’s appeal.
Offering both stability in income and efficiency in maintenance, this multi-unit rental investment property is an investor’s dream. The stick-built home on 1.92 acres is ideally placed for an owner who prefers to self-manage their investment. This is an extraordinary opportunity to acquire a property with great return potential in a region renowned for its recreation, not to mention the large future growth possibilities.
The Southern Oregon region, where this multi-unit rental investment property is located, is celebrated for its intense natural beauty, including attractions like the Rogue River, Crater Lake National Park, the Oregon Coast, and more. The area enjoys a distinct four-season climate with a mild winter, making it one of the most pleasant climates in North America.
This 16-unit rental investment property portfolio in Josephine County is more than just a real estate investment. It’s a chance to invest in a lifestyle rich with natural beauty and outdoor activities. This rare offering combines a strong financial outlook with a unique living experience, making it a prized addition to any real estate portfolio.
Brought to you by Martin Outdoor Property Group in partnership with Land Leader. Martin Outdoor Property Group is a leading Southern Oregon real estate team for rural property, ranches, vineyards, rural homes, and waterfront homes.
About Southern Oregon
Southern Oregon is strategically located midway between Portland and San Francisco on Interstate 5, with convenient connections to the Oregon coast via Highway 199 and to eastern Oregon via Highways 62 and 140. This good transportation network helps link the most populated cities in the region of Medford, Ashland, Jacksonville, and Grants Pass.
Southern Oregon is an outdoor lifestyle paradise – if there is something related to the outdoors that you love doing, you can do it here! Recreation in the area is vast and there is no shortage of hiking trails, fishing holes, or live water activities due to the abundance of rivers and lakes.
The region is home to a wide array of natural amenities like Crater Lake, the Oregon Caves National Monument, and the Rogue River. The area enjoys a mild Mediterranean climate with four distinct seasons and mild winters.
Timber, pears, and cattle have historically been the leading agricultural economic drivers in Southern Oregon. In recent years the region has seen a rise in other types of agriculture including row crops as well as permanent plantings (wine grapes). In more recent years, the area has begun to see increase in notoriety within the wine industry for the region’s ability to grow many different varietals at a high quality.
Aerial photo of a rental investment property in Merlin, Oregon that consists of 16 lots.
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