Contact Information
Neil Lewis
Mobile Home Park Details
- Price: $1,550,000
- Purchase Method: Cash, New Loan
- Cap Rate: 13.7%
- Listing ID: 4229416
- Posted On: Dec 30, 2023
- Updated On: May 15, 2024
Description
This park is located up the Applegate River in a highly sought after Jacksonville oregon. 3 miles below the popular Applegate lake recreation area.
This area is widely known for its wineries and the quaint historic town of Jacksonville.
We have invested over 35k in upgrades to the water system including new treatment system, pressure tanks etc.
The roads were all regraveled last year.
It has 5 stick built homes which are all occupied. 4 of which have been remodeled with the 5th remodeled on the exterior.
13 park owned mobile homes .
6 rv spaces with full sewer,electric and water.
On-site laundry
We have had preliminary meetings with the county and expansion of 10 homes or 20 rv spaces is possible.
All septics were inspected 1 year ago and in good working order.
Location
Located 25 minutes from Medford oregon up the beautiful amd highly desirable applegate Valley. 3 miles from Applegate lake.
Amenities
- Laundromat
- Storage
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 13 |
| Year Built: | 1952 |
| Average MH Lot Rent: | $1,150 |
| Size: | 10 acre(s) |
Financial Information (Actual)
| Gross Income: | $270,000 |
| Operating Expense: | $52,500 |
| Net Operating Income: | $207,765 |
| Expense Ratio: | 19.4 % |
Lot Information
| Singlewide Lots: | 12 |
| Doublewide Lots: | 1 |
| Triplewide Lots: | 0 |
RV Information
| Number of RV Lots: | 6 |
| Average RV Lot Rent: | $600 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $1,520 |