Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.4%
- Listing ID: 3598463
- Posted On: Aug 28, 2023
- Updated On: Sep 23, 2023
Description
37 space mobile home / RV park for sale by owner.
Includes 1 house, 8 apartments, 1 coin-op laundry. No park owned mobiles.
Gross rental income $25,300 per month. City water and sewer.
Yearly net operating income of $200,943
Cap Rate of 7.44%
Twelfth Street Mobile Home Park is an established all age community comprised of mobile homes, RVs, a house and stick built apartment units. Situated on 2.07 acres, Twelfth Street Mobile Home Park has a central location in Medford, Oregon adjacent to Bear Creek and the Bear Creek Greenway Trail. An investor will experience high occupancy along with a history of proven income. The demand for affordable housing has never been higher and parks like Twelfth Street Mobile Home Park are flourishing with steadily rising rents.
Twelfth Street Mobile Park
401 E 12th Street
Medford Oregon
Privately owned since 2004.
$2,700,000.
Location
Downtown Medford location. Close to RCC and stores.
Amenities
- Laundromat
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 37 |
| Total Occupancy: | 98.0 % |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $303,600 |
| Operating Expense: | $87,477 |
| Net Operating Income: | $200,943 |
| Expense Ratio: | 28.8 % |
| Debt Info: | New loan |
Lot Information
| Singlewide Lots: | 17 |
| Doublewide Lots: | 2 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 9 |
| Average RV Lot Rent: | $455 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
