Pierce Brazil
Senior Investment Assoicate
Pierce Brazil
Senior Investment Assoicate
Please Select Date
Please Select Type
About the property
Springtide Mobile Home Park is a 41-unit all-age community located in the supply-constrained coastal market of Coos Bay, Oregon. The property features a desirable unit mix of 38 tenant-owned homes, one park-owned home, one park-owned RV unit, and a (SFR) single-family residence, all situated on approximately 2.95 acres with city water and sewer
The community maintains strong occupancy and offers immediate value-add upside, with current rents estimated to be approximately 25% below market and the last rent increase completed 6 years ago in 2020 with the opportunity to charge back for water, sewer, and trash through implementation of a RUBS program.
Additional revenue growth opportunities include the monetization of the currently unmonetized large on-site laundry facility, and expanding on-site tenant storage
Investment Highlights
Offering Memorandum
To review the offering memorandum and supporting materials, please submit your contact information below.
The market remains strong, with high demand and low inventory. Whether you're just exploring or ready to sell, the right insights can help you move forward with confidence.
NOI (Current)
$113,377
Cap Rate
5.33%
Request Information
Fill in your details and we will contact you to confirm a time.
We encourage you to take a few seconds to fill out your information so we can send you exclusive updates for this listing!
Share My QR |
|