Dunes Ranch Mobile Home Park
No. Spaces: 66
Property Type: Family
Cap Rate: 6.53%
Net Operating Income: $166,456
Lot Size: 12 Acres
~IN CONTRACT AS OF Jan 2018~ The Dunes Mobile Ranch is a 66 space Family Mobile Home park located in North Bend, Oregon, which is 217 miles south of Portland, OR. Property was built in 1988-1993 and covers approximately 12 acres. It features year-round recreation and is next to the Oregon Dunes National Recreation Area. There is nearly 1000 feet of water front in the park, including Ten Mile Creek, which features a winter Steel Head run.
The park has public water with septic facilities and a well for irrigation purposes. It has a history of high, stable tenancy with many long-term residents. Current Rents range from $325-$350 with Owner responsible for water and garbage charges. There was a $5 Rent Increase done effective April 1st, 2017.
Situated next to Coos Bay, North Bend is a coastal city of with population of 9,720 and features the 500-foot sand dunes of the Oregon Dunes National Recreation Area, historic McCullough Memorial Bridge, beautiful Horsefall Beach.
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