Description
An ideal income-producing asset, 1703 NE Fairview Lane in Grants Pass presents a steady, turn-key investment with a strong financial foundation. This 6-plex features desirable 2-bedroom, 1-bathroom units complete with covered parking, making it consistently attractive to quality long-term tenants. Currently operating at a solid 6.9% cap rate, the property delivers immediate, dependable cash flow from day one. Its exceptional track record of being 100% occupied for years highlights steady tenant demand, driven by an unbeatable location steps away from local shopping centers, dining, and regional medical facilities. While current rents sit near market averages, an investor has a clear runway for modest upside. Updates include mini splits in 2025, fresh exterior paint in 2026, and newer roofing. Perfect for an investor seeking a reliable, low-vacancy multi-family asset with upside potential.
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8BEDS
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0.3ACRES
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4BATHS
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01/2 BATHS
School Information
Description
An ideal income-producing asset, 1703 NE Fairview Lane in Grants Pass presents a steady, turn-key investment with a strong financial foundation. This 6-plex features desirable 2-bedroom, 1-bathroom units complete with covered parking, making it consistently attractive to quality long-term tenants. Currently operating at a solid 6.9% cap rate, the property delivers immediate, dependable cash flow from day one. Its exceptional track record of being 100% occupied for years highlights steady tenant demand, driven by an unbeatable location steps away from local shopping centers, dining, and regional medical facilities. While current rents sit near market averages, an investor has a clear runway for modest upside. Updates include mini splits in 2025, fresh exterior paint in 2026, and newer roofing. Perfect for an investor seeking a reliable, low-vacancy multi-family asset with upside potential.
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