7059 Rogue River HWY Pending Save Request In-Person Tour Request Virtual Tour
Grants Pass,OR 97527
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 560 sqft
Price per Sqft $1,873
MLS Listing ID 220176451
Year Built 1990
Annual Tax Amount $2,170
Lot Size 4.860 Acres
Property Description
''5 Acre Mobile Park'' A very clean and well kept family park with All Homes & RV's owned by the tenants. This low density Class 3 MH Park has 10 MH & RV spaces w additional rent income. County Policy for this MH Park allows for 50% expansion by approval, and has a DEQ Septic approval on file for 4 to 6 additional spaces. Located on Rogue River Hwy, 3 minutes from Rogue River, 10 from Grants Pass, 25 from Medford and right across the road from the Rogue River with a picturesque mountain backdrop. This is a low risk, low maintenance income property with a 6+/- CAP Rate as run based on an adjusted 2024 YTD Pro Forma P&L. Can be a high 7+ CAP Rate brought up to current market rents and potential 9+ CAP after expansion. This well maintained, State Licensed MH Park has an excellent tenant base and stable income with minimal turnover. No one wants to leave. Also for sale is the adjacent 4.88 ac property w 4 rentals and could offer further expansion possibilities. Buyers to do Due Diligence
Location
State OR
County Jackson
Interior
Heating None
Cooling None
Exterior
Parking Features Alley Access,Asphalt,Assigned,Attached,Attached Carport,Driveway,Gated,Gravel,RV Access/Parking,Workshop in Garage,Parking Lot
Roof Type Composition
Building
Lot Description Fenced,Landscaped,Level,Native Plants,Pasture,Sloped,Sprinklers In Front,Sprinklers In Rear,Wooded
Foundation Slab
Water Private,Well
Structure Type Frame
New Construction No
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard