Rental Income Opportunity!
3 homes included. Strong cash flow potential or multi-generational property. 3.24 acres with unbelievable mountain & river views. Just minutes away from the Applegate Valley Wine Trail and Grants Pass. The property includes a spacious main home, an updated second home, & a third home for income/guest. The main house is 3039 sq ft & features 5 bedrooms, 2.5 baths, with an abundance of living space & recent updates. The second home offers 1,398 sq ft with 3 beds and 2 baths, ideal for family or rental income. The property is well-maintained with newer roofs, 3 separate newer septics, a half-basement wine or canning cellar. Includes Peach, apple, & nectarine trees w/ water rights for 2 acres. Enjoy the large insulated/drywalled 36x40 shop. Projected Cap Rate of approximately 7.5%, Great for investors seeking solid returns in a desirable location. Buyers to do their own due diligence on cap rate and rental income. Schedule a tour today!
Active
Price cut: $5K (7/9)
$995,000
7420 N Applegate Rd, Grants Pass, OR 97527
5beds
3baths
4,851sqft
Est.:
Single Family Residence
Built in 1970
3.24 Acres Lot
$963,200 Zestimate®
$205/sqft
$-- HOA
What's special
Updated second homeSpacious main home
- 165 days
- on Zillow |
- 590 |
- 27 |
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