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93531 Coal Bank Ln 11 Unit Mobile Home Park $1,300,000 ($118,182/Unit) 7.52% Cap Rate Coos Bay, OR 97420
Investment Highlights
- Property includes 10 manufactured homes.
- Centrally located community laundry building
- A Stick Built 2 bedroom home.
Executive Summary
This established commercial investment offers immediate cash flow with a solid 7.52% cap rate. The property includes a well-maintained two-bedroom, stick-built residence, ten mobile homes, and two additional mobile home owner occupied rental spaces, providing multiple streams of consistent income. Tenants are supported by on-site amenities including a coin-operated laundry facility and a storage shed, enhancing long-term retention and operational efficiency. With a diversified unit mix this property presents a compelling opportunity for investors seeking stable returns and upside potential in a managed rental environment. Each unit has its own power meter but water is shared. Call your favorite Realtor and schedule a showing TODAY!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$130,905
|
$11.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$130,905
|
$11.90
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$33,047
|
$3.00
|
| Net Operating Income |
$97,858
|
$8.90
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $130,905 |
| Annual Per SF | $11.90 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $130,905 |
| Annual Per SF | $11.90 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $33,047 |
| Annual Per SF | $3.00 |
| Net Operating Income | |
|---|---|
| Annual | $97,858 |
| Annual Per SF | $8.90 |
Property Facts
| Price | $1,300,000 | Property Type | Multifamily |
| Price Per Unit | $118,182 | Property Subtype | Manufactured Housing/Mobile Home |
| Sale Type | Investment | Lot Size | 1.08 AC |
| Cap Rate | 7.52% | Building Size | 11,000 SF |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 1 |
| No. Units | 11 | Year Built | 1999 |
| Zoning | UR-M - Mobile Home Park | ||
| Price | $1,300,000 |
| Price Per Unit | $118,182 |
| Sale Type | Investment |
| Cap Rate | 7.52% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 1.08 AC |
| Building Size | 11,000 SF |
| No. Stories | 1 |
| Year Built | 1999 |
| Zoning | UR-M - Mobile Home Park |
Amenities
Site Amenities
- 24 Hour Access
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93531 Coal Bank Ln
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