Valley View Mobile Home Park

Valley View Mobile Home Park, comprised of 61 sites, is located in Roseburg, a regional hub along the I-5 corridor in southwest Oregon. Roseburg has a strong housing market with a median home price of $325,000. The $2,550,000 purchase price represents an attractive price per site of just under $42,000. With effective rents of $475/month, near full occupancy, and room to raise rents to market, there is an opportunity to rapidly increase the property’s value while enjoying healthy cashflow immediately. Excluded from the model but a financial bonus to the deal is an opportunity to inexpensively add three additional income-producing sites to the park. Our business plan is to immediately replace the roads and upgrade driveways – thereby significantly elevating the quality of the park and improving the attractiveness to tenants in a tight housing market. We are projecting the ability to increase NOI by 44% over the first five years of the hold period.