For Sale
$1,090,000

6801 Rogue River HwyGrants Pass, OR 97527

7-Unit Mobile Home Park, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents the Three Oaks Mobile Home Park in Grants Pass, Oregon. Located at 6801 Rogue River Hwy, 97527, this stabilized property boasts a 7.37% cap rate and a strong NOI of $80,353. The park comprises seven units, including four mobile homes, one RV pad with hookups, and two cottages, all situated on a 3.26-acre lot. Currently operating at 100% occupancy, generating $8,710 in monthly rental income, this park offers significant potential for future growth. The property includes meticulously maintained homes and beautifully landscaped grounds. An attractive feature is the inclusion of an adjoining 2.99-acre tax lot zoned Rural Residential 2.5, providing potential for future development or expansion. The asking price for this turnkey investment is $1,090,000. This property represents a rare opportunity to acquire a well-maintained, high-performing mobile home park with significant upside potential in a desirable location. The low operational expenses contribute to the robust financial performance, making this a compelling investment for discerning buyers.

Highlights

  • $1,090,000 asking price for a stabilized mobile home park investment.
  • 7.37% cap rate with a $80,353 net operating income (NOI).
  • 100% occupancy across 7 units (7 buildings).
  • 3.26-acre lot located at 6801 Rogue River Hwy, Grants Pass, OR 97527.

Property Details for 6801 Rogue River Hwy

Property type
Mobile home & RV parks
Buildings
7
Lot Size (sq. ft)
142,006 SF
Units
7

Location Insight

City
Grants Pass
County
Jackson
State
Oregon
Latitude
42.418886415524
Longitude
-123.21073283301
6801 Rogue River Hwy, Grants Pass, Oregon

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6801 Rogue River Hwy
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