Courtesy of: Chris Pfau, Coldwell Banker Pro West R.E., chrisrealtorpro@gmail.com
Courtesy of: Chris Pfau, Coldwell Banker Pro West R.E., chrisrealtorpro@gmail.com
$1,725,000
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Lot: 10.19 Acres
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Other
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$1,725,000
11425 Upper Applegate Road Bigfoot Acres is a fully stabilized prime investment opportunity in the serene Applegate Valley, near the Applegate River and a short drive to the lake. Spanning 10.19 acres, the park includes 23 units: 13 mobile homes, 5 RV spaces, and 5 stick-built homes -- all units are parked owned (except RV's) and separately metered. The property is well-maintained with an on-site manager, many long-term tenants, and a number of recent upgrades, including interior remodels on most units, re-graveled road (within last 3 years), updated well houses and systems, 6 septic systems, 2 wells, and a 5, 000 gallon holding tank. Features include: a large shop with conversion potential, community playground/basketball area, on-site laundry, and potential expansion of 10 mobile sites or 20 RV spaces! (buyer to verify). Strong financials with a net operating income of $185, 111 and a 10 percent cap rate make this a rare opportunity in one of Southern Oregon's most scenic valleys.
Courtesy of: Chris Pfau, Coldwell Banker Pro West R.E., chrisrealtorpro@gmail.com
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