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387 Tavis Dr 10 Unit Mobile Home Park $1,999,999 ($200,000/Unit) Merlin, OR 97532
Investment Highlights
- Sixteen independent lots allow flexible investment and individual parcel sales.
- Utilities in place across all lots support efficient ownership and operations.
- Mix of seller owned homes and tenant owned units provides diversified income.
- Located minutes from the Rogue River, a major draw for tourism and recreation.
Executive Summary
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.
Property Facts
| Price | $1,999,999 | Building Class | C |
| Price Per Unit | $200,000 | Lot Size | 8.06 AC |
| Sale Type | Investment | Building Size | 13,000 SF |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1983 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $1,999,999 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 8.06 AC |
| Building Size | 13,000 SF |
| No. Stories | 1 |
| Year Built | 1983 |
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387 Tavis Dr
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