7059 Rogue River Highway
Grants Pass , OR 97527
MLS#: 220176451
$1,049,000
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1990
Sq.Footage
N/A
''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
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
NO
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
NO
-
Heating
None
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Frame
-
Parking
Alley Access, Asphalt, Assigned, Attached, Attached Carport, Driveway, Gated, Gravel, RV Access/Parking, Workshop in Garage, Parking Lot
-
Pool
No
-
View
Mountain(s), Park/Greenbelt, River, Territorial
Area & Lot
-
Lot Features
Landscaped, Level, Native Plants, Pasture, Sloped, Sprinklers In Front, Sprinklers In Rear, Wooded
-
Lot Size(acres)
4.86
-
Property Type
Commercial Sale
Price
-
Sales Price
$1,049,000
-
Tax Amount
2170.48
-
Zoning
RR-2.5
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Slab
-
Sewer
Septic Tank
-
Tax Lot
1800
-
Water Source
Private, Well
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Location
County
Jackson
Elementary School
Middle School
High School
Listing Courtesy of Gary J Luckin , Century 21 JC Jones American Dream
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Broker
Christy Symons Your - Central Oregon Realtor
Call Christy today to schedule a private showing.
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