Property Description
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.
Property Features
Units
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: Columbia Equity Advisors
Agency Phone: 503-913-1943
Shown By
Agent Name: Lisa Fisher, Principal Broker
Agent Phone: (503) 970-0124
Agency Title: Bend Premier Real Estate
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Estimated Payment
$ 4,516.65 per month $4,045.24 Principal & Interest $238.08 Property Tax $233.33 Homeowner's InsuranceChange Payment Information
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703 18th St | MLS# 785385602
This multi-family property located at 703 18th St, La Grande, OR 97850 is currently listed for sale with an asking price of $800,000. Search La Grande real estate on lisafisher.bendpremierrealestate.com today.