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4885 Wocus Rd, Klamath Falls, OR 97601

Lakeside Mobile Home & RV Park
Lakeside Mobile Home & RV Park
1,595,000
FOR SALE
Property Type: Investment / Multi-Family

Property Features

Lakeside Mobile Home & RV Park is a 60 unit Park located on Hwy. 97, a major thoroughfare in central Oregon.  The Park is approximately ½ mile north of the

Falls city limits.   The property consists of 39 mobile home spaces, 16 of which are occupied by Park owned units; 23 spaces are occupied by homes owned by tenants.  There are 21 RV spaces in the Park, all of which are rented on a monthly basis.  The Park is nearly 100% occupied and enjoys a good reputation in the community.

A number of improvements have been recently made to the Park including the construction of 5 new RV spaces which are now available for rent.  On-going improvements to the Park’s electrical service are in process, as well as improvements to the Park’s septic system.  The Park is served by a private well (system recently updated) and a septic system for waste disposal.  The Park has a small (± 1,000 sq. ft.) storage building in the center which could be converted into a manager’s office, laundry facilities, tenant storage, etc.  There is a manager’s residence on site with a small office on the ground floor.

(Cap Rate: 8.32%)

 

Lakeside Mobile Home Park flyer_2018

Property Location | 4885 Wocus Rd, Klamath Falls, OR 97601



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