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.
