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3251 Rogue River Hwy
Grants Pass, OR 97527
Fountain Park Cottages · Multifamily Property For Sale
·
12 Units
Investment Highlights
- Multi- Family
- Numerous Updates
Executive Summary
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
Property Facts
| Price Per Unit | $152,083 | Building Class | C |
| Sale Type | Investment | Lot Size | 8.03 AC |
| Cap Rate | 7% | Building Size | 6,508 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1969 |
| Apartment Style | Garden | Parking Ratio | 1.08/1,000 SF |
| Zoning | RR5 - RR5 | ||
| Price Per Unit | $152,083 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 8.03 AC |
| Building Size | 6,508 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1969 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | RR5 - RR5 |
Amenities
Unit Amenities
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 340 - 640 |
| 2+1 | 1 | - | 580 |
| 3+1 | 1 | - | 1,138 |
Property Taxes
| Parcel Number | R315483 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $337,010 |
Property Taxes
Parcel Number
R315483
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$337,010
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