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Springtide Trailer Park 718 F St 41 Unit Mobile Home Park $2,943,023 CAD ($71,781 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$361,660
|
$3.49
|
| Other Income |
$1,659
|
$0.02
|
| Vacancy Loss |
$18,083
|
$0.17
|
| Effective Gross Income |
$345,236
|
$3.33
|
| Taxes |
$21,912
|
$0.21
|
| Operating Expenses |
$119,352
|
$1.15
|
| Total Expenses |
$141,264
|
$1.36
|
| Net Operating Income |
$203,973
|
$1.97
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $361,660 |
| Annual Per SF | $3.49 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,659 |
| Annual Per SF | $0.02 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $18,083 |
| Annual Per SF | $0.17 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $345,236 |
| Annual Per SF | $3.33 |
| Taxes (CAD) | |
|---|---|
| Annual | $21,912 |
| Annual Per SF | $0.21 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $119,352 |
| Annual Per SF | $1.15 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $141,264 |
| Annual Per SF | $1.36 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $203,973 |
| Annual Per SF | $1.97 |
Property Facts
Amenities
Site Amenities
- Laundry Facilities
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Contacts
-
Dylan Brazil -
Pierce Brazil -
Dimitre Petrov -
Thomas Beniamen -
Nolan Rockwell -
Commercial Real Estate Investors Inc
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Photos
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Springtide Trailer Park | 718 F St
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