7059 Rogue River Highway, Grants Pass, OR 97527

Property Description

5 Acre Mobile Park A very clean and well kept family park with All Homes & RVs 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

Property Features