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Vacant Land - Grants Pass, OR
Extremely Unique Property on Cloverlawn Drive with Excellent Income & Potential for more. This Property is zoned R1-12 for Residential Use, but currently is owned & operated by the Clovercrest Community Water System LLC. Currently serving 30+ Users, the Water Right for this Property allows for up to 90 Users! User fees are paid on a Flat-Fee Monthly Basis, have not gone up for 10 yrs, & are due for a Rate Increase. Two High Producing Wells are on-site. The 43,000 Gallon Tank serving the System is on a nearby parcel. All Access Easements and User Agreements are in place. Also, there's a Newer 30'x30' Shop Building with 12' Doors, & a Rented Mobile that pays $297/Month. This Property is listed at a Cap Rate of approx. 9% based on the projected User Rate Increase. Huge Perpetual Income Potential here from several Income Stream Sources, including a possible 60 more Users. Mobile available to purchase for addt'l cost. Listing Office has Numerous Documents on file for Serious Buyer.
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Building Features
Listing Features
This $249,500 Land at 2565 Cloverlawn Dr in GRANTS PASS, OR is listed by Kendon Leet . This $249,500 Land, located in the 97527 zip code , has the following property features: New Construction, Roof, Property Type. This 2565 Cloverlawn Dr Land, located in Josephine County, is listed under MLS listing number 52934076, has beds, 0 baths, and has a listing price of $249,500. You can find more of Kendon Leet's listings by browsing homes for sale at HomesAndLand.com, or even more GRANTS PASS homes for sale here.
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