Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 1053401
  • Posted On: Apr 15, 2019
  • Updated On: Jun 7, 2019

Description

Marcus & Millichap is pleased to present the opportunity to acquire Pinewood Mobile Home Park located in Roseburg, Oregon. The subject property is a 39-space park, comprised of tenant-owned, park-owned rentals, and RVs. There are 17 park-owned units, eight of which are studio apartments that rent for $300 per month. Pinewood is on city water and sewer which is currently paid for by the park. Space rent has not been raised at Pinewood in the past four years, leaving additional upside for an investor to increase the net operating income within the first year of ownership. There is less than one percent vacancy in the surrounding area for Mobile Home and RV Parks.

The site benefits from close proximity to and strong visibility from Interstate 5. There are nearby amenities less than two miles from the park which include Costco, the Roseburg Airport, Home Depot, and CHI Mercy Medical Center.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 41
Total Occupancy: 95.0 %
Year Built: 1974
Average MH Lot Rent: $350
Size: 3 acre(s)

Lot Information

Singlewide Lots: 21
Doublewide Lots: 2

RV Information

Number of RV Lots: 7
Average RV Lot Rent: $300

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $550

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