212 Tavis Dr Merlin, OR 97532
- Mobile home & RV parks
- 8.06 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 212 Tavis Dr
- Lot size
- 8.06 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Residential income homes
Description
This exceptional investment opportunity presents a 16-unit rental portfolio situated on 8.06 acres in Merlin, Oregon, within Josephine County. The property consists of 16 individual lots, each equipped with well water, septic, and public power. Ten homes are owner-occupied, while six are tenant-owned, renting the land. Currently, 14 units generate approximately $164,000 in annual gross income. Two units are under repair and projected to add an additional $36,000 annually to the gross income, totaling nearly $200,000. The property is zoned Community Residential. This diverse portfolio offers flexibility; individual lots can be sold separately, allowing for tailored investment strategies. The convenient location near the Rogue River and Grants Pass provides access to abundant recreational opportunities and amenities. The property's strong income stream and efficient maintenance make it an attractive investment with significant future growth potential in a region known for its natural beauty and mild climate. One vacant lot is ready for development, offering further income expansion. This is a rare opportunity to acquire a high-yield property in a desirable Southern Oregon location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Merlin
- County
- Josephine
- State
- Oregon
- Longitude
- -123.4201508
- Latitude
- 42.5213311
