REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Columbia Equity Advisors
$ 790,000
Est. payment /mo
Price Dropped by $10K
703 18TH ST La Grande, OR 97850
1 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 785385602
Year Built 1950
Annual Tax Amount $2,857
Tax Year 2025
Lot Size 1.000 Acres
Property Description
Rocks Trailer Court is an established all-ages 17-space mobile home park located in La Grande, Oregon. Offered at $800,000 with an impressive 9% cap rate, this 1-acre property features a flexible general commercial zoning, paved roads and city utilities…no risk of septic failure! All utilities are efficiently billed back to the tenants. An exceptional value-add opportunity awaits by filling current vacancies (due to recent clean up), moving existing below-market rents towards current market rent and adding storage units in the park's open area. Furthermore, Rocks Trailer Court qualifies for Oregon's maximum 9.5% rent increase - significantly outperforming the 6% cap imposed on larger parks.
Location
State OR
County Union
Area _440
Zoning GC
Interior
Heating None
Exterior
Garage No
Building
Lot Description Level, Private Road
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Other
Middle Schools La Grande
High Schools La Grande
Others
Acceptable Financing CallListingAgent, Cash, Contract, Conventional, OwnerWillCarry
Listing Terms CallListingAgent, Cash, Contract, Conventional, OwnerWillCarry
