Remarks

Strong rental market makes this a hot property for cash flow. 10 unit apartment complex located in the Grants Pass Opportunity Zone makes it even more attractive. The complex has 2 buildings on separate lots, building 1 has 4 units and building 2 has 6 units, each building could be sold separately. Building #1 4088 sq. ft., two 1 bedroom units and two 3 bedroom units. Building #2 5668 sq. ft., four 2 bedroom units and two 3 bedroom units. Additionally there is a small coin op laundry room and 10 small storage rooms for tenants possessions. Buildings appear solid, frame construction with concrete block dividing walls between units, slab foundations and roofs replaced approx. 3 years ago on the 4-plex and 5 years ago on the 6-plex. Some rents are below market so there is room to grow the income further. All tenants are month to month, see attached documents for income and expenses.

Details

MLS#: 220180668
Price: $1,450,000

Style: F
Year Built: 1973

County: Jackson
Tax Fee: 3475.00