701 Caves HighwayCave Junction, OR 97523

Description

Investor Alert! This 4-unit income property on 2.48 acres with RR5 zoning in Cave Junction is a rare find. The property includes 4 income-producing units. Features include two 1 bed/1 bath cottages renting at $825 each, a refreshed 2 bed/1 bath cottage rented at $800 with new appliances and flooring, and a 2 bed/1 bath 1,056 sq. ft. modular home renting for $1,000. Supported by a shared well and two septic systems, all tenants are on month-to-month agreements. Conveniently located off Hwy 199 next to the fire station, this strong income producer delivers immediate cash flow with excellent potential for future value-add. Don't miss this solid investment! Owner Will Carry!

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Structure type

Manufactured House

Year built

1977

Building area

2,336 Sq Ft

Lot size

2.48 acres

Days on market

137

MLS^® Listing#

220208860

Property Features

Exterior

Storage

Appliances

Oven · Refrigerator

Cooling

None

Heating

Electric

Flooring

Vinyl

Parking

Driveway · Shared Driveway

Lot features

Level

Construction

Frame

Foundation

Block · Pillar/Post/Pier

Roof

Composition

Security

Carbon Monoxide Detector(s) · Smoke Detector(s)

Other structures

Shed(s) · Storage

Sewer

Septic Tank

Water source

Private · Well

Schools

Elementary

Evergreen Elem

Middle

Lorna Byrne Middle

High

Illinois Valley High

Financial Details

HOA

None

Annual taxes

$1,887Tax year 2024

Parcel number

R330405