Contact Information

Saundra Price
License: WA#: 106415 OR#: 201216252
Northwest Park Brokerage

Mobile Home Park Details

  • Price: $4,250,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 5.7%
  • Listing ID: 4393763
  • Posted On: Feb 8, 2024
  • Updated On: Mar 1, 2024


Rogue River Mobile Estates is an upscale 55+ Community located in picturesque setting of Grants Pass, Oregon (Right off HWY I-5). Property consists of 40 mobile homes sites, Studio Apt, Shop & Additional Workshop on landscaped 57.6 Acres.

Upside includes raising rents, potential expansion and utilizing the secured RV Storage area.

Current Space rents are $545, which are under-market compared to surrounding inferior parks in the $700-$865 range. Lot rent includes water (well), sewer (septic) and Garbage (Electric/Cable is directly billed to tenants).

Property is serviced by two wells; one for Park water use and the other for irrigation (potable). The septic system consists of Two 1,000 gallon holding tanks and 2 septic systems (located near secured RV Storage Area).


City of Rogue River/Grants Pass is located in Southwestern Oregon, just off Interstate 5 in Jackson County. Rogue Valley Internation Medford Airport is just 15 miles East of the Property. Rogue River Highway connects to Redwood Highway (Hwy 199) a major route that connects the I-5 Corridor to Highway 101, to take you to the scenic Oregon-California Coast.


  • Storage
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Park Information

Community Type: 55 And Over
Number of MH Lots: 40
Total Occupancy: 99.0 %
Year Built: 1975
Average MH Lot Rent: $545
Size: 58 acre(s)

Financial Information (Actual)

Gross Income: $311,760
Operating Expense: $71,395
Net Operating Income: $240,365
Expense Ratio: 22.9 %

RV Information

Number of RV Lots: 0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic


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