Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.0%
  • Listing ID: 6693489
  • Posted On: Aug 12, 2024
  • Updated On: Dec 5, 2024

Description

Discover the remarkable Three Oaks Mobile Home Park, a unique blend of meticulously maintained stick-built and manufactured homes, as well as an RV pad with hookups, nestled in 3.26 acres of serene countryside environment. This investment gem features beautifully landscaped grounds and homes that reflect the care and pride of long-term tenants, who treat their rentals with an ownership mentality. An impressive $8,760 in monthly rental income, paired with low operational expenses, projects a robust 7% cap rate. With its stable tenant base, scenic location, and strong financials, this is an outstanding opportunity to own a well-maintained, high-yield investment property in a peaceful and picturesque setting that promises both immediate returns and long-term growth potential. Includes an adjoining 2.99 acre tax lot, zoned RR 2.5, that is currently vacant but can accommodate an additional single family residence with ADU possibilities.

Location

6801 Rogue River Hwy, Grants Pass, OR 97527

Amenities

  • Storage
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Park Information

Total Occupancy: 100.0 %

Financial Information (Actual)

Gross Income: $105,120
Operating Expense: $25,008
Expense Ratio: 23.8 %

RV Information

Number of RV Lots: 1
Average RV Lot Rent: $700

Utility Information

Water: Well
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 4
Average Rent for Park-owned Homes: $1,150

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