Description
Bigfoot Acres is a fully stabilized prime investment opportunity in the serene Applegate Valley, near the Applegate River and a short drive to the lake. Spanning 10.19 acres, the park includes 23 units: 13 mobile homes, 5 RV spaces, and 5 stick-built homes all units are parked owned (except RV's) and separately metered. The property is well-maintained with an on-site manager, many long-term tenants, and a number of recent upgrades, including interior remodels on most units, re-graveled road (within last 3 years), updated well houses and systems, 6 septic systems, 2 wells, and a 4,000 gallon holding tank. Features include: a large shop with conversion potential, community playground/basketball area, on-site laundry, and potential expansion of 10 mobile sites or 20 RV spaces! (buyer to verify). Strong financials with a net operating income of $188,646 and a 10 percent cap rate make this a rare opportunity in one of Southern Oregon's most scenic valleys.
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0BEDS
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10.19ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Bigfoot Acres is a fully stabilized prime investment opportunity in the serene Applegate Valley, near the Applegate River and a short drive to the lake. Spanning 10.19 acres, the park includes 23 units: 13 mobile homes, 5 RV spaces, and 5 stick-built homes all units are parked owned (except RV's) and separately metered. The property is well-maintained with an on-site manager, many long-term tenants, and a number of recent upgrades, including interior remodels on most units, re-graveled road (within last 3 years), updated well houses and systems, 6 septic systems, 2 wells, and a 4,000 gallon holding tank. Features include: a large shop with conversion potential, community playground/basketball area, on-site laundry, and potential expansion of 10 mobile sites or 20 RV spaces! (buyer to verify). Strong financials with a net operating income of $188,646 and a 10 percent cap rate make this a rare opportunity in one of Southern Oregon's most scenic valleys.
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