$817,500
$895,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
5,441 SqFt
SOLD DATE : 12/30/2024
Key Details
Sold Price $817,500
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,441 sqft
Price per Sqft $150
MLS Listing ID 220190061
Sold Date 12/30/24
Style Traditional
Year Built 1988
Annual Tax Amount $5,860
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 0.3
Property Sub-Type Multi Family
Property Description
Welcome to 1702 NE Fairview Avenue, a rare apartment complex centrally located in Grants Pass, Oregon. This public offering is a great opportunity to acquire an established, income-producing asset in the heart of the city's commerce corridor. The property consists of five units across one 2-story triplex and one single-story duplex on a corner lot. All units are currently occupied with low turnover; most tenants have long-term leases, and rents have been regularly increased to follow market growth, resulting in strong cash flow with room for further growth. The property enjoys a central location, walkable to conveniences like grocery stores, restaurants, retail shops, and Grants Pass High School, and is a short drive to I-5 access, schools, parks, and entertainment. 1702 NE Fairview is an attractive opportunity to unlock significant value in a desirable neighborhood within a historically growing city. Contact listing brokers for more info!
Location
State OR
County Josephine
Interior
Heating Forced Air
Cooling Central Air
Window Features Aluminum Frames
Exterior
Parking Features Attached Carport, Concrete, Detached Carport, On Street, Parking Lot
Roof Type Composition
Building
Lot Description Corner Lot, Fenced, Level
Entry Level Two
Foundation Concrete Perimeter
Water Public
Architectural Style Traditional
Structure Type Frame
New Construction No
Schools
High Schools Grants Pass High
Others
Senior Community No
Tax ID R309421
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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