MLS #: 2986052

Description of 960 N Second Avenue, Gold Hill, OR 97525

Rivers Edge is an extremely rare 24 unit waterfront opportunity on the Rogue River! Almost equidistant to Medford or Grants Pass this high end gated development is ready with the current builder or use your own on the 24 unit new construction. Each unit is 1234sf, each with decks overlooking the river & high end amenities. Infrastructure is in, parking lot is paved, gated entry, water features, plans. It's simply ready to build at this point. $1800/month income from home on site. See attached video! $1,399,000 for as-is ready to build with existing infrastructure and plans. Estimated construction costs: $75/square foot and up. ($2,221,200 @ $75/ft, $2,517,360 @ $85/ft, $2,813,520 @ $95/ft.) Sale includes 2 tax lots. Proforma CAP rate is at 10.5%! The property appraised in October 2018 for $2.625 Million as it is and the finished appraisal is $8.2 million with construction costs, including the purchase of the property estimated at $4.5M to $5 Million depending on amenities.

Property Features of 960 N Second Avenue, Gold Hill, OR 97525

5 Plus Units/Apartmt
Year Built
Gold Hill North
Lot acreage is: 1.34
Lot zoned: Unk
City sewer
Total square feet: 29616.00
Courtesy of: Ford Real Estate

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