2241 Greensprings Dr - Manufactured Housing/Mobile Housing FOR SALE


Klamath Falls, OR 97601
$2,750,000 USD
503-502-1752

NO PHOTO

$2,750,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
null | 6.05% Cap Rate

2241 Greensprings Dr
Klamath Falls, OR 97601


HIGHLIGHTS

  • 74 total sites with a mix of singlewides, and doublewides.
  • Below-market rents averaging $440, well below regional apartment rentals, including water, sewer, and garbage.
  • Utility recapture opportunity through water, sewer, and garbage pass-through.
  • City water and sewer service minimizing maintenance responsibilities.
  • Vacancy upside with several pads ready to lease immediately at today’s market rates.
  • Vehicle storage area offering additional revenue potential.

OVERVIEW

Cottonwood Ridge presents an opportunity to own a high-occupancy park in California that does not have local rent ordinance restrictions with the ability to raise rents to increase cash flow.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$6 USD /SF

# OF UNITS

74

PRICE/UNIT

$37,162

CAP RATE

6.05%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Call to Offers Date 5/9/2025

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.64 AC

LAND SF

419,832 SF

ZONING

MD

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rand HoffmanKidder MathewsMore Info
503-502-1752

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

Rand HoffmanKidder MathewsMore Info
503-502-1752

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