7059 Rogue River Highway, Grants Pass, OR 97527
sale
$1,100,000
|
Multi-Family
Listed By CENTURY 21 Harris & Taylor
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 #R-7203
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Property Features
- Cross Docks: N
- For Auction: N
- Lot Size In Text: 4.86 Acres
- MLSID: 220176451
- Price Upon Request: N
- Style: Multi-Family (5-20 Units)
- Sublease: N
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