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$789,900 Pending

7059 Rogue River Highway
Grants Pass, OR 97527

10 units |
1,512 sq ft;
lot: 4.85 acres
Commercial: Mixed Use - MLS# 2983735
Property Photo
1/29

Description

Mobile Home Park with a Proforma 9.1 Cap Rate that includes a 3bd/2bth MFG Home set on the back acres. With possible expansion and income increase could achieve a 12+ CpRte. This low density Mobile Home Park with desirable living conditions and ample open space has an almost zero ongoing vacancy rate with most tenants of 20+ years. Located near the City of Rogue River on Rogue River Highway, 7 miles from Grants Pass & 30 miles from Medford. This rural 4.85 acre parcel is set across the road from the world famous Rogue River with a picturesque mountain backdrop. It has 8 MFG home spaces w possible 4 more spaces, 2 RV Spaces with hookups, 6+ RV/boat/vehicle storage spaces, 24x24 shop, office & storage sheds. This licensed mfg home park with it's updated State regulated well & septic systems is well maintained with all records on file. This is a low maintenance income property and all mfg homes are owned by the tenants and have their own utility meters. Sold as is buyers do due diligence

Features

  • Additional Features: Utilities Sep Meter, Expandable, Office Space, Ta
  • Association: Southern Oregon Multiple Listing Service
  • Construction: Block, Manufactured, Frame, See Remarks
  • County/Area: Jackson County
  • Directions: Rogue River Highway from either Rogue River or Grants Pass to address.
  • Exterior: Concrete Block, Wood, See Remarks
  • Fence: Partial
  • Heat Type: Space Heater, Forced Air, See Remarks
  • Household Water Avlb: Well, See Remarks
  • Land Type: Multi-Fmly 5+ units
  • Listing Status: Pending
  • Lot Measurement: Acres
  • Lot Size: 4.8500
  • Lot Size Source: (Assessor)
  • Multi-Family Type: Mobile Home Park
  • Property Type: Commercial
  • Real Property Incld.: Yes
  • Roof: Composition, Rolled/Hot Mop
  • Self Storage Type: Vehicle/RV Storage
  • Sewer: Septic In, See Remarks
  • Sq.Ft.: 1512
  • Square Footage Source: Assessor
  • Sub Type: Mixed Use
  • Units: 10
  • Utilities Available: Natural Gas Available, Electricity Available, Telephone, See Remarks
  • Year Built: 1990
  • Zip Code: 97527
  • Zoning: RR2.5

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Gary Luckin
Century 21 Broker

541 NE E Street
Grants Pass, OR 97526
Phone: 541-660-9918
Email Gary

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