24542 Redwood Hwy - Manufactured Housing/Mobile Housing FOR SALE


Kerby, OR 97531 | 
$1,700,000 USD
503-502-1752
24542 Redwood Hwy, Kerby, OR for Sale
$1,700,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/7
null | 9.3% Cap Rate

24542 Redwood Hwy
Kerby, OR 97531


HIGHLIGHTS

  • Extensive infrastructure improvements completed between 2021 and 2025.
  • Developed vacant sites provide a clear lease-up opportunity.
  • RV section rebuilt with new utilities, pedestals, and septic hookups.
  • Located along US Highway 199 with access to Oregon and California markets.
  • Additional income potential from existing storage areas.
  • Community served by public water and direct-billed electric service.

OVERVIEW

Mountain Timber Estates is a 58-site manufactured home and RV community located on 12.5 acres along US Highway 199 in Kerby, Oregon, within the Illinois Valley. The property consists of 53 manufactured home spaces and 5 RV sites and has benefited from a substantial capital improvement program completed between 2021 and 2025. Ownership invested in major infrastructure upgrades, including septic improvements, reconstruction of the RV section with new utilities and hookups, road improvements, security enhancements, and the removal of 20 uninhabitable homes with associated site work. The investment offers a significant value-add opportunity through lease-up of existing developed spaces. The community currently has numerous vacant pads with roads, utilities, and site preparation already in place, allowing a new owner to focus on occupancy growth rather than major capital projects. Additional income potential exists through established areas suitable for container, boat, trailer, and equipment storage. Located approximately four minutes from Cave Junction, 35 minutes from Grants Pass, and 18 minutes from the California border, the property benefits from regional connectivity and access to local services, employment centers, and recreational destinations. Mountain Timber Estates presents an opportunity to acquire a community with completed infrastructure improvements, existing in-place income, and a clear path to increased revenue through occupancy growth and operational optimization.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$340 USD /SF

# OF UNITS

58

PRICE/UNIT

$29,310

CAP RATE

9.3%

% LEASED

52%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mountain Timber Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12.62 AC

LAND SF

549,727 SF

ZONING

RC

APN/PARCEL ID

R329444

ASK ABOUT THIS PROPERTY

Rand HoffmanKidder MathewsMore Info
503-502-1752

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Rand HoffmanKidder MathewsMore Info
503-502-1752

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