MLS# 22383648 – 92252 Cape Arago Hwy, Coos Bay, OR 97420 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Coastal Sotheby's International Realty.

Property Description

Description

60 Units

Status: Active

Year Built: 1984

Days on Website: 853

Incredibly rare RV/Mobile home park investment opportunity on the scenic Oregon Coast! The 4 acre park includes 41 RV sites, 17 Mobile home spaces, a large 2 story home, shop, laundry & shower facility. Perfectly located right on the Bay in a high visibility area along the area's coastal destination route. Within minutes to the local beaches, riding ATVs on the dunes, ocean or bay fishing, clamming, crabbing, amazing hiking, plus much more. Buyer to verify info. Drone video https://vimeo.com/716279293

Property Details and Features

Income

CAP Rate:

4.98

Gross Income:

$329,750

Gross Rent Multiplier:

15.16

Gross Scheduled Income:

$384,600

Net Operating Income:

$249,184

Net Scheduled Income:

299600

Unit Two

2 total bedroom

Actual Rent:

$400

Area:

1500

Units Total:

1 total bathroom

Unit Three

Actual Rent:

$450

Area:

1500

Units Total:

1 total bathroom

2 total bedroom

Property Access

Road Surface Type:

Paved

Building

Building Area Total:

2100

Built in 1984

Storage:

Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5,UnitTypeType6

Community

Community Features:

Laundry

Expenses

Operating Expense Scheduled:

85000

Operating Expense:

$80,566

Exterior Features

Exterior Description:

WoodSiding

Water Features

Water Body Name:

Coos Bay

Waterfront Features:

BayFront

Waterfront Property

Heating

Heating Available

Heating:

Baseboard

Listing

Contract Status Change Date:

2022-07-21

Days On Market:

852

Last Transaction Date:

2024-09-20 01:12:22

List Price:

$4,999,000

Listing Contract Date:

2022-07-21

Listing Id:

22383648

Mls Status:

Active

Modification Timestamp:

2024-09-20 01:12:22

On Market Date:

2022-07-21

Previous List Price:

$5,400,000

Rent Includes:

CableTV,Electricity,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_260

County Or Parish:

Coos

Lot

Features:

Gated,Level

Size Acres:

4.09

Size Range:

Acres3to5

Size Square Feet:

178,160

Size:

3 to 4.99 Acres

Parking

Features:

Garage,RVAccessParking

Property

Number Of Units Total:

Property Condition:

Existing

Property View

Zoning:

CD-5

Schools

High School:

Marshfield

Middle Or Junior School:

Coos Bay

Elementary School:

Coos Bay

Security Features

Features:

SecuritySystemOwned

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$10,307

Legal Description

Tax Year:

2021

Unit One

Actual Rent:

$550

Area:

900

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$850

Area:

1500

Units Total:

1 total bathroom

2 total bedroom

Unit Five

Area:

2200

Units Total:

2 total bathrooms

4 total bedroom

Unit Six

Area:

1000

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable

Water Source:

PublicWater

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$4,999,000 - Br/0Ba - for Sale in Coos Bay

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$4,999,000 -

92252 Cape Arago Hwy Coos Bay , OR 97420

MLS Area Major: _260

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 20, 2024 12:46PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.