Property details for 106 S Rose Street, 1-4, Phoenix, OR 97535

With the rental market continuing to get better and better in the Rogue Valley, you've been looking for a rental that has great cash flow. You'd love a CAP rate of at least 6%, but nothing is on the market that pencilled. Until now!! Your new 4 plex just hit the market with 1032 sqft for each townhouse and carports for each. Market rents are $1250 to $1300. Current rents vary as 2 of the tenants are on month-to-month tenancy and have been there for some time. Yearly rental increases are getting those tenants closer to market rent. These units are in excellent condition and have had many recent upgrades. Brand new roof and all 4 electrical panels in 2019. Two units have newer conventional heat pumps and two have newer mini splits. Double paned windows. All electric. FHA or VA buyer...buy this and live in one unit and have the others pay your mortgage. At over a 6% CAP rate this won't last on the market long. One of the sellers is a licensed real estate broker in Oregon.