7059 Rogue River Highway, Grants Pass, OR

$1,049,000

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560

Square feet

4.86

Acres

About 7059 Rogue River Highway

SELLER IS MOTIVATED ''5 Acre Mobile Park'' is a very clean and well kept family park.. All MFG homes and the two RV's are owned by the tenants and have their own utility meters. This low density, Class 3 Mobile Home Park has 11 rental spaces with County approved expansion up to 16 spaces. DEQ Septic approval on file for the undeveloped portion of land. Located on Rogue River Hwy, 3 minutes from Rogue River,10 from Grants Pass & 25 from Medford. It is 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 2024 YTD averaged & prorated. Could be a high 7 or 8 CAP Rate at current market rents and a 9+% potential CAP Rate after expansion. This well maintained, State Licensed MH Park has an excellent track record. 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. see MLS #22017645

Features of 7059 Rogue River Highway

MLS® # 220176451
Price $1,049,000
Square Footage 560
Square Footage 560.00
Acres 4.86
Year Built 1990
Type Commercial Sale
Status Active

Community Information

Address 7059 Rogue River Highway
City Grants Pass
County Jackson
State OR
Zip Code 97527

Amenities

Parking Spaces 24
Parking Alley Access, Asphalt, Assigned, Attached, Attached Carport, Driveway, Gated, Gravel, Parking Lot, RV Access/Parking, Workshop in Garage
Garages 4337
View Mountain(s), Park/Greenbelt, River, Territorial
Is Waterfront No

Interior

Heating None
Cooling None
Stories One
Has Basement No
Basement None

Exterior

Lot Description 1800
Roof Composition
Construction Frame
Foundation Slab

Additional Information

Date Listed January 31st, 2024
Days on Market 286
Zoning RR-2.5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCentury 21 Harris and Taylor

Listing Map

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