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7059 Rogue River Highway

Grants Pass, OR 97527
  • $1,100,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 220176451
UPDATED: 40 min ago
$1,100,000
  • 0
    BEDS
  • 4.86
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 560
    SQFT
  • $1,964
    $/SQFT
Type:
Commercial
Built:
1990
County:
Area:

School Ratings & Info

Listing provided courtesy of Century 21 Harris and Taylor :.

Description

For sale: A Class 3, 11 space Mobile Home Park with County approved expansion up to 15 spaces. DEQ Septic approval on file for the undeveloped portion of land. Currently leased are 8 MH & 2 RV Spaces & 1 fenced in lot w Garage/Shop. Located on Rogue River Hwy just 3 minutes from City of Rogue River, 10 from Grants Pass & 25 from Medford. It is right across the road from the world famous Rogue River with a picturesque mountain backdrop. As an investment this is a low risk & low maintenance income property with a 9% potential CAP Rate after expansion. This is a well maintained licensed MH Park with State regulated well & septic systems. All MFG homes and RV's are owned by the tenants and have their own utility meters. A profit can be made on selling the new homes. Sold As Is. Buyers to do due diligence. Some spaces with 25+ yr tenants are not at maximum rents. As currently operated CAP is 5+ Purchase adjacent 4.88 acre property w 4 rentals for further possibilities. see MLS #220176450

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Central Oregon Association of Realtors logo © 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Invest in Bend Real Estate Team are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Invest in Bend Real Estate Team. Data last updated: .2024-02-24T11:45:39.917
www.investinbend.com/homes/147152421
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7059 Rogue River Highway Grants Pass, OR 97527

  • Price: $1,100,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 40 min ago
  • MLS #: 220176451
0
Beds
0
Baths
0
½ Baths
4.86
Acres
560
SQFT
$1,964
$/SQFT
1990
Built
County:
Jackson
Area:
Grants Pass
Property Description
For sale: A Class 3, 11 space Mobile Home Park with County approved expansion up to 15 spaces. DEQ Septic approval on file for the undeveloped portion of land. Currently leased are 8 MH & 2 RV Spaces & 1 fenced in lot w Garage/Shop. Located on Rogue River Hwy just 3 minutes from City of Rogue River, 10 from Grants Pass & 25 from Medford. It is right across the road from the world famous Rogue River with a picturesque mountain backdrop. As an investment this is a low risk & low maintenance income property with a 9% potential CAP Rate after expansion. This is a well maintained licensed MH Park with State regulated well & septic systems. All MFG homes and RV's are owned by the tenants and have their own utility meters. A profit can be made on selling the new homes. Sold As Is. Buyers to do due diligence. Some spaces with 25+ yr tenants are not at maximum rents. As currently operated CAP is 5+ Purchase adjacent 4.88 acre property w 4 rentals for further possibilities. see MLS #220176450
Exterior Features

Construction Materials Frame Foundation Details Slab Levels One Lot Features FencedLandscapedLevelNative PlantsPastureSlopedSprinklers In FrontSprinklers In RearWooded Parking Details Numberof Parking Spaces 24 Parking Details Parking Yes Parking Features Alley AccessAsphaltAssignedAttachedAttached CarportDrivewayGatedGravelParking LotRV Access/ParkingWorkshop in Garage Roof Composition

Interior Features

Additional Features ExpandableOffice SpaceSeparate Electric MetersSeparate Gas MetersTanks in Ground Basement None Cooling None Flooring Concrete Heating None

Property Features

Additional Parcels YN No Business Type Income/InvestmentMobile/Trailer Park CCAnd Rs YN No Cross Street Savage Creek Existing Lease Type Call Listing Agent FIRPTAYN No Flood N/A Inclusions OutbuildingsTuff Shed for Riding Lanmower and misc tools. Incomeand Expenses Annual Amounts Cap Rate Basi Current Incomeand Expenses Annual Amounts Cap Rate Perc 5.00 Incomeand Expenses Annual Amounts Estimated Gr 75300.00 Incomeand Expenses Annual Amounts Estimated To 19270.00 Incomeand Expenses Annual Amounts Management E 3600.00 Incomeand Expenses Annual Amounts Net Operatin 56030.00 Incomeand Expenses Annual Amounts Vacancy Perc 0.00 Leased Components All spaces and shop are leased. Listing Terms CashConventional New Construction YN No Owner Pays Common Area MaintenanceInsuranceSewerTaxesWater Power Production Public Utilities Sewer Septic TankStandard Leach Field Special Listing Conditions Standard Tax Annual Amount 2170.48 Tax Year 2023 Tenant Pays ElectricityExterior MaintenanceGasInsuranceInterior MaintenanceOtherRepairsTaxes View Mountain(s)Park/GreenbeltRiverTerritorial Zoning RR-2.5

Listing information © 2024 MLS of Central Oregon
Listing provided courtesy of Century 21 Harris and Taylor :.

Central Oregon Association of Realtors logo © 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Invest in Bend Real Estate Team are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Invest in Bend Real Estate Team. Data last updated: .2024-02-24T11:45:39.917
 
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Listing provided courtesy of Century 21 Harris and Taylor :.