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Merlin Multi-Unit Investment Opportunity

212 Tavis Dr Merlin, OR 97532

212 Tavis Dr, Merlin, OR, 97532

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For Sale

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16-unit rental property portfolio in Josephine County with income potential.

Lot Size8.00 Acres

AddedFeb 8, 2024

Days on Market888

Last RefreshMay 12 at 9:29 pm

Property Features for 212 Tavis Dr

General Information

Standard status: Active
Lot size: 8.00 Acres
Property subtype: Mobile Home Park, Multifamily

Listing office Martin Outdoor Property Group

Listing date Feb 8, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Martin Outdoor Property Group

Investment Insights

Based on property information with market context.

Located in Merlin, Josephine County, this multi-unit rental investment property portfolio features 16 individual lots spread over 8 acres. The property is equipped with well water, septic, and public power to each lot. The seller owns 10 homes, and tenants own the remaining 6, renting the space. The property offers the potential for an investor to sell off separate lots. Thirteen of the sixteen lots are actively rented, with one home nearing completion to bring it to the rental market. The 13 properties currently bring in a gross yearly income of approximately $155,000. With two of the three vacant homes completed and rented out, an additional $39,600 per year will be added, pushing the property’s gross to nearly $195,000 per year. The 16th lot has a well and septic for bringing in a new dwelling unit. The property provides access to the area’s natural beauty and recreational opportunities. The Rogue River is nearby. Grants Pass is just under 9 miles from Tavis Drive and offers dining, shopping, entertainment, and health care options. The stick-built home on 1.92 acres is suited for an owner who prefers to self-manage their investment. The Southern Oregon region is known for its natural beauty and a four-season climate with a mild winter.

Key Highlights

16‑unit rental property portfolio on 8+ acres offering diversification and flexibility.
High income potential: Current gross yearly income of +\/- $155,000 with potential to reach nearly $195,000 upon completion and rental of vacant homes.
Individual lots provide options to sell separately or tailor investment strategy.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Mobile home & RV ...

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For sale
Mobile home & RV parks
OR
Merlin
97532
212 Tavis Dr

What type of property is this?

Mobile home & RV park - 16-unit rental property portfolio in Josephine County with income potential.

Where is this mobile home & rv park located?

The property is located at 212 Tavis Dr Merlin, OR.

What is the asking price?

The asking price for this property is $1,999,999.

What are key features of this property?

This property features: 16‑unit rental property portfolio on 8+ acres offering diversification and flexibility.; High income potential: Current gross yearly income of +\/- $155,000 with potential to reach nearly $195,000 upon completion and rental of vacant homes.; Individual lots provide options to sell separately or tailor investment strategy.