1432 Newmark Ave - Manufactured Housing/Mobile Housing FOR SALE


Coos Bay, OR 97420
$795,000 USD
541-217-7710
1432 Newmark Ave, Coos Bay, OR for Sale
$795,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/11
null | 16.04% Cap Rate

1432 Newmark Ave
Coos Bay, OR 97420


HIGHLIGHTS

  • Steady passive income
  • Approx. 16% Cap Rate
  • Long Term Tenants/Residents.
  • Low Overhead

OVERVIEW

Pine Cove Estates Mobile home and RV park is a unique investment opportunity featuring 11 mobile home and RV sites 6 unit apartment complex, shop and laundry room. Six RV spaces with tenant owned RV’s and Five Mobile home spaces in which Seller Owns all Of The Mobiles. Situated on .70 acres and conveniently located near community amenities for shopping, schools, community college and park making it a desirable location for families and individuals. All sites offer updated 200 amp service as well as city services. Separate laundry room and shop space allows for additional potential income or expansion. This mobile home park presents an excellent opportunity for investors seeking steady passive income or newcomers eager to enter the real estate investment market. Embrace the chance to invest in a growing community that combines profitability with the natural beauty of the Southern Oregon Coast.. Long Term Tenants/Residents. Low Overhead! Great Investment & Passive Income! Currently Priced @ Approx. 16% Cap Rate

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

17

PRICE/UNIT

$46,765

CAP RATE

16.04%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pine Cove Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

C

APN/PARCEL ID

341700

ASK ABOUT THIS PROPERTY

Joe AguirrePacific Coast Real Estate and DevelopmentMore Info
541-217-7710

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Joe AguirrePacific Coast Real Estate and DevelopmentMore Info
541-217-7710

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