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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
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.
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.
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
Amenities
Site Amenities
- Laundry Facilities
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Contacts
-
Dylan Brazil -
Pierce Brazil -
Dimitre Petrov -
Thomas Beniamen -
Nolan Rockwell -
Commercial Real Estate Investors Inc
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Springtide Trailer Park | 718 F St
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