Contact Information

Mobile Home Park Details

  • Price: $2,100,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 10.3%
  • Listing ID: 4229416
  • Posted On: Dec 30, 2023
  • Updated On: Dec 30, 2023

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 20k 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.
We are willing to carry part with 2nd position.
In addition to the park we have adjoining 6.5 acre property with remodeled cabin currently renting at 1500/month. We would be willing to negotiate this into a deal.

Location

Located 25 minutes from Medford oregon up the beautiful amd highly desirable applegate Valley. 3 miles from Applegate lake.

Amenities

  • Laundromat
  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 13
Year Built: 1952
Average MH Lot Rent: $1,000
Size: 10 acre(s)

Financial Information (Actual)

Gross Income: $269,000
Operating Expense: $52,500
Net Operating Income: $216,500
Expense Ratio: 19.5 %

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

Video

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