15765 Oregon Coast hwy - Multi-Family FOR SALE


Brookings, OR 97415
$1,250,000 USD
707-496-9887
15765 Oregon Coast hwy, Brookings, OR for Sale
$1,250,000 USD
Multi-Family - FOR SALE
1/5
null | 7.08% Cap Rate

15765 Oregon Coast hwy
Brookings, OR 97415


HIGHLIGHTS

  • Ocean View
  • Pickleball Court
  • Locked Coin-Op Laundry

OVERVIEW

Harbor Hills Mobile Home Park | Coastal Oregon | 7.08% In-Place Cap Rate | Harbor Hills Mobile Home Park is a stabilized manufactured home community located along the southern Oregon coast, offering durable in-place income, coastal influence, and multiple on-site amenities. The property consists of 28 spaces, primarily tenant-owned homes paying space rent, with additional income from storage and parking. The park is currently operating at an in-place cap rate of approximately 7.08%, based on current rents and conservative operating expenses. Amenities include a basketball court, pickleball court, and a secured laundry facility featuring locking doors and coin-operated washers and dryers, providing an additional on-site amenity for tenants and operational income for ownership. Utilities are serviced by public water and a private septic system, allowing for operational control and predictable expense management. Included in the sale is a large 3-bedroom, 1-bathroom primary residence, a large warehouse/shop, and three additional MH units, offering flexibility for owner occupancy, rental income, or operational use depending on buyer strategy. The coastal setting provides ocean views from portions of the property, supporting long-term tenant demand in a supply-constrained market. The asset also presents upside upon full park and rent optimization within Oregon regulations. This offering is well suited for investors seeking stable yield, tangible assets, and future upside in a coastal market with limited manufactured housing inventory. Offered for investment consideration. Financials and offering memorandum available upon request. Buyer to verify all information during due diligence.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$455 USD /SF

# OF UNITS

3

PRICE/UNIT

$416,667

CAP RATE

7.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harbor Hills Mobile Home Park

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

MHP

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Shelby HuddlesonRE/MAX Humboldt RealtyMore Info
707-496-9887

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Shelby HuddlesonRE/MAX Humboldt RealtyMore Info
707-496-9887

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