2810 Longwood Dr
Reedsport, OR 97467
Multifamily Property For Sale · 3,306 SF

Established 26 unit manufactured park. Spaces renting for $369.97 (lowest rent in Reedsport). Long-term tenants. This park generates a lot of revenue. Also includes two rental homes (2666 sf and 450 sf), a rental tiny home (224 sf) and an RV currently under contract w/tenant. New asphalt road throughout park, new electric meters. There is currently 1 park vacancy. A new tenant just signed a one-year lease increasing gross revenue by $4,439.64 annually. This is not reflected in attached rent roll. Awaiting revised rent roll. The current financials are attached for 2018 to May of 2020. The park owns the 2666 sf home, the tiny home on space F, and the 1 bdrm 450 sf home on space L. The manager resides on Space P. There are 26 total spaces in the park, including 2 of the homes that are currently owned by the park. There is also a 5th wheel trailer on one of the spaces that the tenant is purchasing from the owner with approximately $3,000 owing. The water and sewer are both city. Each space with the exception of the home site has their own water and electric meters. The meters are read every month and this is billed back to each tenant so this needs to be realized when looking at financials. The seller pays for garbage. The seller will consider a seller carry with at least $350,000 down