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5157 Rogue River Highway

Gold Hill OR 97525

3500 sq. ft.
43560 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Opportunity Knocks! Rare 6 unit apartment complex on RR Hwy, between Rogue River and Gold Hill. Built in 1926, this use to be a motel and it's been restored and updated right down to the wiring and new drywall to make 6 cute little dollhouse apartments. There's one 2 bedroom, 1.5 bath, one studio, and four 1 bedroom 1 bath units. A couple of the rents have room for improvement, but the cap rate is coming in around 7.5 on this in it's current state. Each unit comes with it's very own parking spot. There is an RV hookup there, which is not in use- and the previous owner had applied for another homesite- so the county has done some work on that. Theres room to grow here if someone wanted to. No drive throughs on the property, do not disturb the tenants. Shown only to qualified buyers, with an accepted offer contingent upon walk through. No exceptions.

Features

3500 sq. ft. floor area
43560 sq. ft. lot size
Multi-Family

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