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Springtide Trailer Park 718 F St 41 Unit Mobile Home Park $2,129,000 ($51,927/Unit) 5.33% Cap Rate Coos Bay, OR 97420

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Investment Highlights

Rare Opportunity to acquire a 41-Site All-Age Mobile Home & RV Community in a supply-constrained coastal market
Well-located in Coos Bay, near retailers, schools, parks, and major employment centers
On-site amenities, including a office building and a large laundry facility currently un-monetized with ability and upside to install new coin-operate

Attractive price per space relative to comparable coastal assets
Favorable unit mix with a majority of tenant-owned homes, reducing ownership repair and maintenance responsibilities
Below-market rents with clear upside through rent growth and renting the vacant single-family residence (SFR) to current market rent.

Executive Summary

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
Recent capital improvements include $20,000–$30,000 in major electrical infrastructure upgrades, with recent major repair improvements done at the single-family residence including a new roof. Positioned in Coos Bay market coastal market with consistent demand for affordable housing.

Springtide_Trailer_Park_Flyer (1)

Financial Summary (Pro Forma - 2026)	Annual	Annual Per SF
Gross Rental Income	$261,627	$2.52
Other Income	$1,200	$0.01
Vacancy Loss	$13,081	$0.13
Effective Gross Income	$249,746	$2.41
Taxes	$15,851	$0.15
Operating Expenses	$86,340	$0.83
Total Expenses	$102,191	$0.99
Net Operating Income	$147,555	$1.42

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual	$261,627
Annual Per SF	$2.52

Other Income
Annual	$1,200
Annual Per SF	$0.01

Vacancy Loss
Annual	$13,081
Annual Per SF	$0.13

Effective Gross Income
Annual	$249,746
Annual Per SF	$2.41

Taxes
Annual	$15,851
Annual Per SF	$0.15

Operating Expenses
Annual	$86,340
Annual Per SF	$0.83

Total Expenses
Annual	$102,191
Annual Per SF	$0.99

Net Operating Income
Annual	$147,555
Annual Per SF	$1.42

Property Facts

Price	$2,129,000	Building Class	C
Price Per Unit	$51,927	Lot Size	2.95 AC
Sale Type	Investment	Building Size	103,673 SF
Cap Rate	5.33%	Average Occupancy	92%
No. Units	41	No. Stories	1
Property Type	Multifamily	Year Built	1969
Property Subtype	Manufactured Housing/Mobile Home Multifamily Apartments
Zoning	Commercial

Price	$2,129,000
Price Per Unit	$51,927
Sale Type	Investment
Cap Rate	5.33%
No. Units	41
Property Type	Multifamily
Property Subtype	Manufactured Housing/Mobile Home Multifamily Apartments
Building Class	C
Lot Size	2.95 AC
Building Size	103,673 SF
Average Occupancy	92%
No. Stories	1
Year Built	1969
Zoning	Commercial