11425 Upper Applegate RdJacksonville, OR

Chris Pfau

Broker
(458) 220-8881
OR 201241465
New to Market
NEW TO
MARKET
  • List Price
    $1,900,000
  • MLS Number
    220199943
  • Square Feet
    443,876
  • Year Built
    1962
  • Lot Size
    10.19 Acres
Fully stabilized with 100% occupancy, Bigfoot Acres is a 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 a skilled 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 4,000-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 $239,628 and an 12.61% cap rate make this a rare opportunity in one of Southern Oregon's most scenic valley
Private Remarks: Please call listing agent for more details. Do not disturb tenants. 24 hr. notice, appointment only. No entry to units without an offer in place. Please see the documents section for an income and expense breakdown, current rent roll and full unit list with details and improvements, and additional well and septic info. Buyer to conduct their own due diligence with respect to intended uses including expansion potential.

Chris Pfau

Broker
OR 201241465
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