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
-
0BEDS
-
4.86ACRES
-
0BATHS
-
01/2 BATHS
-
560SQFT
-
$1,873$/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
© 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Cascade Hasson Sotheby's International Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Cascade Hasson Sotheby's International Realty. Data last updated: .2024-10-06T14:44:14.333