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32323 Modoc Point Rd 2 Properties Offered at $1,495,000 in Chiloquin, OR
INVESTMENT HIGHLIGHTS
- Over 30K in upside
EXECUTIVE SUMMARY
*** Update to include a 2134sqft private residence and additional 2 acres for a total of 7 acres***
This is a great investment opportunity to acquire a well-established, income-generating property. The offering includes three active businesses: Mobile home rentals, Airbnb cabin rentals, and RV space rentals. The property boasts a 96% occupancy rate on average throughout the year, ensuring consistent cash flow.
The mobile home section features a 2100sqft residence that could be Divided from the 7 acres and is valued at 370K on two acres. It could be used as a primary residents, sold for instant capital or used as a much needed rental. This would increase the rental income by approx. 17K. Two owned rentals, including a 940 sqft single wide and an 840 sqft single wide. Additionally, there is one owner occupied mobile home space providing long-term rental income.
The property also includes two fully furnished Airbnb cabins, offering short-term rental and potentially long term in the winter months creating a great opportunity for higher returns.
For RV space rentals, the property includes 24 spaces that are currently rented out on a monthly bases, this insures a steady monthly income. Rents could be easily increased $60 monthly. The Shower house serves as a restroom, shower facility, and laundry facility for RV park guests.
Also included is a 60ft boat dock and pay to launch boat ramp to the beautiful Williamson River. This provides additional extra income adding further value to this diverse and profitable portfolio.
Many Improvement's to the grounds have been made including updated septic (by previous owner) New 400amp power panel and a new 200 foot deep water well. All adding to the stable income this business provides.
Amazing 6% financing available with +40% down on a 5 year term.
With its prime location, strong earning potential and room for expansion this opportunity is not to be missed.
For more information or to schedule a viewing, please contact; John @ (541) 891-5704
This is a great investment opportunity to acquire a well-established, income-generating property. The offering includes three active businesses: Mobile home rentals, Airbnb cabin rentals, and RV space rentals. The property boasts a 96% occupancy rate on average throughout the year, ensuring consistent cash flow.
The mobile home section features a 2100sqft residence that could be Divided from the 7 acres and is valued at 370K on two acres. It could be used as a primary residents, sold for instant capital or used as a much needed rental. This would increase the rental income by approx. 17K. Two owned rentals, including a 940 sqft single wide and an 840 sqft single wide. Additionally, there is one owner occupied mobile home space providing long-term rental income.
The property also includes two fully furnished Airbnb cabins, offering short-term rental and potentially long term in the winter months creating a great opportunity for higher returns.
For RV space rentals, the property includes 24 spaces that are currently rented out on a monthly bases, this insures a steady monthly income. Rents could be easily increased $60 monthly. The Shower house serves as a restroom, shower facility, and laundry facility for RV park guests.
Also included is a 60ft boat dock and pay to launch boat ramp to the beautiful Williamson River. This provides additional extra income adding further value to this diverse and profitable portfolio.
Many Improvement's to the grounds have been made including updated septic (by previous owner) New 400amp power panel and a new 200 foot deep water well. All adding to the stable income this business provides.
Amazing 6% financing available with +40% down on a 5 year term.
With its prime location, strong earning potential and room for expansion this opportunity is not to be missed.
For more information or to schedule a viewing, please contact; John @ (541) 891-5704
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $1,495,000 | Status | Active |
| Price / SF | $701.22 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 1 |
| Cap Rate | 8% | Total Building Size | 2,132 SF |
| Sale Type | Investment | Total Land Area | 9.00 AC |
| Price | $1,495,000 |
| Price / SF | $701.22 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 2,132 SF |
| Total Land Area | 9.00 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 32323 Modoc Point Rd, Chiloquin, OR 97624 | Land | 7.00 AC | - | $1,495,000 |
| 32323 Modoc Point Rd, Chiloquin, OR 97624 | Specialty | 2,132 SF | 1993 | - |
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John G Munter
32323 Modoc Point Rd
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