Contact Information
Neil Lewis
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
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 % |
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 |