For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,000,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 560 sqft
Price per Sqft $1,785
MLS Listing ID 220176451
Sold Date 04/30/25
Year Built 1990
Annual Tax Amount $2,170
Lot Size 4.860 Acres
Acres 4.86
Lot Dimensions 4.86
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
Direction From Grants Pass or Rogue River get on Hwy 99 (Rogue River Hwy) to address.
Rooms
Basement None
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
Entry Level One
Foundation Slab
Water Private, Well
Structure Type Frame
New Construction No
Others
Senior Community No
Tax ID 10302767
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION
Stacey Sebastian
Principal Broker/Owner | License ID: 201223336
Principal Broker/Owner License ID: 201223336