"5 Acre Mobile Home Park" 7059 Rogue River Hwy

SELLER IS NOW MOTIVATED !!! This Registered Class 3 Manufactured Home Park known as ''5 Acre Mobile Park'', is a very clean and well kept family park with a majority of long term residents. It has a minimal risk of Investment, stable income stream and 50% expansion potential. All MFG homes and RV's are owned by the tenants and have their own utility meters. There are 8 MH spaces, 2 RV spaces, 1 shop with gated and fenced yard. Additional income in RV, Boat and extra vehicle parking and storage sheds. There is potential per County guidelines of a 50% expansion from 10 spaces up to a total of 15 spaces. With the shop that would be 16 monthly rental units and miscellaneous storage rents. DEQ has issued a Site Approval for a new Septic System to service 4 to 6 additional residential spaces. It is located on a picturesque 4.88 acre lot across the street from the World Famous Rogue River 3 minutes from the City of Rogue River, 10 from Grants Pass and 25 from Medford. This is a low risk, low maintenance income property with a 6 CAP Rate "As Run" that is based on an average from 8-2024 YTD. A 2025 Pro Forma shows a 7+ CAP Rate, and a Hi 7 or 8 at Market Rents and a 9+ to 12 potential CAP Rate after expansion. Sold As Is. Buyers to do due diligence. Also for sale is the adjacent 4.88 ac property w 4 rentals and could offer further expansion possibilities if combined with this property. see MLS #220176450, address 7015 RR Hwy, Grants Pass.