Courtesy: LandLeader
866-559-3478
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 potential for gross income of 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.
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Merlin is located in Oregon. Merlin, Oregon has a population of 1,590. Merlin is more family-centric than the surrounding county with 23.17% of the households containing married families with children. The county average for households married with children is 22.9%.
The median household income in Merlin, Oregon is $62,041. The median household income for the surrounding county is $40,705 compared to the national median of $57,652. The median age of people living in Merlin is 54.3 years.
The average high temperature in July is 75.3 degrees, with an average low temperature in January of 33.1 degrees. The average rainfall is approximately 43.5 inches per year, with 74.1 inches of snow per year.
