Lakeside Mobile Home & RV Park

$1,725,000

Description

Lakeside Mobile Home & RV Park is a 60 unit family Park located on Hwy. 97, a major thoroughfare in central Oregon. The Park is approximately ½ mile north of the Klamath 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 which are rented on a daily, weekly, or 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: 8.06%)

Location

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