Description
SELLER IS MOTIVATED ''5 Acre Mobile Park'' is a very clean and well kept family park.. All MFG homes and the two RV's are owned by the tenants and have their own utility meters. This low density, Class 3 Mobile Home Park has 11 rental spaces with County approved expansion up to 16 spaces. DEQ Septic approval on file for the undeveloped portion of land. Located on Rogue River Hwy, 3 minutes from Rogue River,10 from Grants Pass & 25 from Medford. It is right across the road from the Rogue River with a picturesque mountain backdrop. This is a low risk, low maintenance income property with a 6+/- CAP Rate as run based on 2024 YTD averaged & prorated. Could be a high 7 or 8 CAP Rate at current market rents and a 9+% potential CAP Rate after expansion. This well maintained, State Licensed MH Park has an excellent track record. Sold As Is. Buyers to do due diligence. Also for sale is the adjacent 4.88 ac property w 4 rentals and could offer further expansion possibilities. see MLS #22017645
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0BEDS
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4.86ACRES
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0BATHS
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01/2 BATHS
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560SQFT
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$1,873$/SQFT
School Ratings & Info
Description
SELLER IS MOTIVATED ''5 Acre Mobile Park'' is a very clean and well kept family park.. All MFG homes and the two RV's are owned by the tenants and have their own utility meters. This low density, Class 3 Mobile Home Park has 11 rental spaces with County approved expansion up to 16 spaces. DEQ Septic approval on file for the undeveloped portion of land. Located on Rogue River Hwy, 3 minutes from Rogue River,10 from Grants Pass & 25 from Medford. It is right across the road from the Rogue River with a picturesque mountain backdrop. This is a low risk, low maintenance income property with a 6+/- CAP Rate as run based on 2024 YTD averaged & prorated. Could be a high 7 or 8 CAP Rate at current market rents and a 9+% potential CAP Rate after expansion. This well maintained, State Licensed MH Park has an excellent track record. Sold As Is. Buyers to do due diligence. Also for sale is the adjacent 4.88 ac property w 4 rentals and could offer further expansion possibilities. see MLS #22017645
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