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Investment Highlights

  • Strong In-Place Cash Flow
  • Long-Term Upside Through Repositioning & Expansion (Buyer to Verify)
  • Supply-Constrained Rural Housing Market
  • Highly Desirable Applegate Valley Location

Executive Summary

Bigfoot Acres is a stabilized mobile home and RV park investment located in the scenic Applegate Valley, near the Applegate River and a short drive to area lakes and outdoor recreation. The 10.19-acre property includes 23 total units, consisting of 13 park-owned manufactured homes, 5 stick-built homes, and 5 RV spaces, with manufactured and stick-built units separately metered.
The park is operated with on-site management and is currently 100% occupied. Recent tenant turnover has allowed in-place rents to reflect current market conditions, with $25,077 in monthly rent ($300,924 annualized) as of April 2026. Two long-tenured residents carry legacy rents that represent modest mark-to-market upside on future turnover.
Infrastructure includes 6 existing septic systems (all pumped in 2023), 2 wells with all-new pressure tanks and replumbed distribution lines, and a 5,000-gallon holding tank intentionally upsized to support potential expansion. The property also includes a large shop with conversion potential, and Jackson County has held preliminary discussions regarding expansion of up to 10 additional MH pads or 20 RV spaces — unentitled optionality, subject to buyer due diligence and approvals. The property was independently confirmed insurable through the Oregon FAIR Plan during a prior diligence process.
Financial performance has strengthened, with actual NOI of $197,887 in 2024 (a transitional year of elevated turnover) and $219,855 in 2025 (first full stabilized year). At the $1,750,000 offering price, 2025 actual NOI produces a 12.6% cap rate. A fully-loaded institutional pro forma — incorporating 5% management, 3% replacement reserves, and wildfire-zone insurance — produces approximately $206,987 NOI, or a ~11.8% cap rate. The property is back on the market through no fault of the asset; full diligence from the prior contract is available to qualified buyers upon NDA.
Please call listing agent for additional details. Do not disturb tenants. 24-hour notice required; appointment only. No entry to units without an offer in place. Please see the documents section for Income & Expense statements, current rent roll, unit details, and additional well and septic information. Buyer to conduct their own due diligence with respect to intended uses, condition, and expansion potential.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $363,899 $0.51
Other Income - -
Vacancy Loss - -
Effective Gross Income $363,899 $0.51
Taxes - -
Operating Expenses - -
Total Expenses $62,761 $0.09
Net Operating Income $301,138 $0.42

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $363,899
Annual Per SF $0.51
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $363,899
Annual Per SF $0.51
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $62,761
Annual Per SF $0.09
Net Operating Income (CAD)
Annual $301,138
Annual Per SF $0.42

Property Facts

Price $2,396,992 CAD
Price Per Unit $104,217 CAD
Sale Type Investment
Cap Rate 12.56%
No. Units 23
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Building Class B
Lot Size 10.19 AC
Building Size 20,171 SF
Average Occupancy 90%
No. Stories 1
Year Built 1958
Zoning RR2.5 - rural residential

Amenities

Site Amenities

  • Laundry Facilities
  • Playground
  • Basketball Court
Exceptionally drivable
100/100
Somewhat bikeable
20/100
  • Listing ID: 36376386

  • Date on Market: 2025-06-24

  • Last Updated:

  • Address: 11425 Upper Applegate Rd, Jacksonville, OR 97530

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