718 F St - Manufactured Housing/Mobile Housing FOR SALE


Coos Bay, OR 97420
$2,129,000 USD
209-840-3460
718 F St, Coos Bay, OR for Sale
$2,129,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/12
null | 5.33% Cap Rate

718 F St
Coos Bay, OR 97420


HIGHLIGHTS

  • Rare Opportunity to acquire a 41-Site All-Age Mobile Home & RV Community in a supply-constrained coastal market
  • Attractive price per space relative to comparable coastal assets
  • Well-located in Coos Bay, near retailers, schools, parks, and major employment centers
  • Favorable unit mix with a majority of tenant-owned homes, reducing ownership repair and maintenance responsibilities
  • On-site amenities, including a office building and a large laundry facility currently un-monetized with ability and upside to install new coin-operate
  • Below-market rents with clear upside through rent growth and renting the vacant single-family residence (SFR) to current market rent.

OVERVIEW

Springtide Mobile Home Park is a 41-unit all-age community located in the supply-constrained coastal market of Coos Bay, Oregon. The property features a desirable unit mix of 38 tenant-owned homes, one park-owned home, one park-owned RV unit, and a (SFR) single-family residence, all situated on approximately 2.95 acres with city water and sewer The community maintains strong occupancy and offers immediate value-add upside, with current rents estimated to be approximately 25% below market and the last rent increase completed 6 years ago in 2020 with the opportunity to charge back for water, sewer, and trash through implementation of a RUBS program. Additional revenue growth opportunities include the monetization of the currently unmonetized large on-site laundry facility, and expanding on-site tenant storage Recent capital improvements include $20,000–$30,000 in major electrical infrastructure upgrades, with recent major repair improvements done at the single-family residence including a new roof. Positioned in Coos Bay market coastal market with consistent demand for affordable housing.

FOR SALE DETAILS

PRICE

$2,129,000 USD

PRICE/SF

$21 USD /SF

# OF UNITS

41

PRICE/UNIT

$51,927

CAP RATE

5.33%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Springtide Trailer Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.95 AC

LAND SF

128,502 SF

ZONING

Commercial

APN/PARCEL ID

25 S 13 W 36 BD 100 01,25 S 13 W 36 BD 200

ASK ABOUT THIS PROPERTY

Dylan BrazilCommercial Real Estate Investors IncMore Info
209-840-3460

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Dylan BrazilCommercial Real Estate Investors IncMore Info
209-840-3460

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