11425 Upper Applegate Rd - Manufactured Housing/Mobile Housing FOR SALE


Jacksonville, OR 97530
$1,750,000 USD
458-220-8881
11425 Upper Applegate Rd, Jacksonville, OR for Sale
$1,750,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/20
null | 12.56% Cap Rate

11425 Upper Applegate Rd
Jacksonville, OR 97530


HIGHLIGHTS

  • Strong In-Place Cash Flow
  • Supply-Constrained Rural Housing Market
  • Long-Term Upside Through Repositioning & Expansion (Buyer to Verify)
  • Highly Desirable Applegate Valley Location

OVERVIEW

Bigfoot Acres is a stabilized mobile home and RV park investment located in the scenic Applegate Valley, near the Applegate River and a short drive to area lakes and outdoor recreation. The 10.19-acre property includes 23 total units, consisting of 13 park-owned manufactured homes, 5 stick-built homes, and 5 RV spaces, with manufactured and stick-built units separately metered. The park is operated with on-site management and is currently 100% occupied. Recent tenant turnover has allowed in-place rents to reflect current market conditions, with $25,077 in monthly rent ($300,924 annualized) as of April 2026. Two long-tenured residents carry legacy rents that represent modest mark-to-market upside on future turnover. Infrastructure includes 6 existing septic systems (all pumped in 2023), 2 wells with all-new pressure tanks and replumbed distribution lines, and a 5,000-gallon holding tank intentionally upsized to support potential expansion. The property also includes a large shop with conversion potential, and Jackson County has held preliminary discussions regarding expansion of up to 10 additional MH pads or 20 RV spaces — unentitled optionality, subject to buyer due diligence and approvals. The property was independently confirmed insurable through the Oregon FAIR Plan during a prior diligence process. Financial performance has strengthened, with actual NOI of $197,887 in 2024 (a transitional year of elevated turnover) and $219,855 in 2025 (first full stabilized year). At the $1,750,000 offering price, 2025 actual NOI produces a 12.6% cap rate. A fully-loaded institutional pro forma — incorporating 5% management, 3% replacement reserves, and wildfire-zone insurance — produces approximately $206,987 NOI, or a ~11.8% cap rate. The property is back on the market through no fault of the asset; full diligence from the prior contract is available to qualified buyers upon NDA. Please call listing agent for additional details. Do not disturb tenants. 24-hour notice required; appointment only. No entry to units without an offer in place. Please see the documents section for Income & Expense statements, current rent roll, unit details, and additional well and septic information. Buyer to conduct their own due diligence with respect to intended uses, condition, and expansion potential.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$2 USD /SF

# OF UNITS

23

PRICE/UNIT

$76,087

CAP RATE

12.56%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bigfoot Acres Mobile and RV Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.19 AC

LAND SF

443,876 SF

ZONING

RR2.5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Christopher PfauColdwell Banker Pro WestMore Info
458-220-8881

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Christopher PfauColdwell Banker Pro WestMore Info
458-220-8881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.