Contact Information
Saundra Price
License: WA#: 106415 OR#: 201216252
Northwest Park Brokerage
Mobile Home Park Details
- Price: $2,285,000
- Purchase Method: Cash, New Loan
- Cap Rate: 6.3%
- Listing ID: 6706726
- Posted On: Aug 28, 2024
- Updated On: Aug 28, 2024
Description
Covered Bridge Mobile Home Park is a well-cared for 55+ Senior community located in Rogue River, Oregon (17 miles northwest of Medford). The site features 27 mobile home spaces of which contain 17 doublewides and 10 Singlewides.
The manufactured home space rents average at $550 effective November 2024, with new tenant rents at $600/month (See Rent Roll for breakdown). Garbage, cable and electricity are billed directly to tenants.
Covered Bridge was developed in 1973 and lies on 7.14 acres. The park is services by a private septic system and two wells.
Location
The city of Rogue River lies in Southwestern Oregon, just off Interstate 5 in Jackson County. Covered Bridge sits just 5 miles east of Grants Pass and 17 miles northwest of Medford. Rogue Valley International 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 scenic Oregon-California Coast.
Amenities
- Storage
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 27 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1976 |
| Average MH Lot Rent: | $550 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $178,884 |
| Operating Expense: | $35,394 |
| Net Operating Income: | $143,490 |
| Expense Ratio: | 19.8 % |
Lot Information
| Singlewide Lots: | 10 |
| Doublewide Lots: | 17 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Contact Information
Saundra Price
License: WA#: 106415 OR#: 201216252
Northwest Park Brokerage
