Attention Investors! This four unit investment property is a money maker! Check it out- units 1&2 are 1 bedroom-1 bathroom cottages that rent for $825 each. Unit 3 is a 2 bedroom-1 bathroom cottage that rents for $875 a month and a 2 bedroom -1 bathroom, 1056 SqFt modular home that rents for $975. All units are occupied with long term tenants. This property has a net operating income of over $31,000 a year with 12% cap rate. Owner carry options available. Don't let this opportunity pass you by! Call today for more details!
Closed
$259,000
701 Caves Hwy, Cave Junction, OR 97523
6beds
0baths
2,336sqft
Quadruplex, Multi Family
Built in 1970
-- sqft lot
$-- Zestimate®
$111/sqft
$1,484 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: October 01, 2024 at 06:43pm
Listed by:
eXp Realty, LLC 888-814-9613
Bought with:
eXp Realty, LLC
Source: Oregon Datashare,MLS#: 220189793

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 0
Heating
- Electric
Cooling
- None
Appliances
- Included: Oven, Refrigerator
Features
- Flooring: Vinyl
- Has fireplace: No
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,336
- Total interior livable area: 2,336 sqft
Property
Parking
- Parking features: Driveway, Shared Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 2.48 Acres
- Features: Level
Details
- Additional structures: Shed(s), Storage
- Parcel number: R330405
- Zoning description: Rr5; Rural Res 5 Ac
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame
- Foundation: Block, Pillar/Post/Pier
- Roof: Composition
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Cave Junction
- Subdivision: Josephine Addition To Grants Pass
Other
Other facts
- Listing terms: Cash,Owner Will Carry
- Road surface type: Paved
Services availability

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