Unknown Subdivision
Property • MultiFamily
Web ID # 785385602
$800,000.00
0 Beds • 0 Baths
Property Features
Regional Multiple Listing Service, Inc.
Rocks Trailer Court is an established all-ages 17-space mobile home park located in La Grande, Oregon. Offered at $800,000 with an impressive 9% cap rate, this 1-acre property features a flexible general commercial zoning, paved roads and city utilities…no risk of septic failure! All utilities are efficiently billed back to the tenants. An exceptional value-add opportunity awaits by filling current vacancies (due to recent clean up), moving existing below-market rents towards current market rent and adding storage units in the park’s open area. Furthermore, Rocks Trailer Court qualifies for Oregon’s maximum 9.5% rent increase - significantly outperforming the 6% cap imposed on larger parks.
703 18th Street, La Grande, Oregon
Dwelling Type: MultiFamily
Subdivision: N/A
Year Built: 1950, County: US
703 18th Street, La Grande, Oregon
Listing is courtesy of Columbia Equity Advisors
