4425 W Main Street, Medford, OR 97501
$6,250,000
Property Type:
Commercial Sale
Square Footage:
9
Lot Size (sq. ft.):
370,260
Status:
Closed
Current Price:
$6,250,000
List Date:
6/02/2021
Last Modified:
11/04/2024
Description
An amazing investment opportunity! Cobblestone Mobile and RV Park is located in beautiful Southern Oregon, just 1.5 miles to Jacksonville. It is a very sought after 55 and over manufactured home park, with 40 manufactured homes, 26 RV spaces, and one frame built home. The average age of the homes is 2003 in Cobblestone and the park is 7.67 acres. The Historical Bybee House is also listed with this property and is a separate tax lot. The two story beautiful 1887 built Bybee House is a 2400 sq foot home that has been fully restored. There are three rental incomes coming from the Bybee property. The 500 sq foot historical water tower has also been renovated and both structures are fully furnished. The Bybee property is an additional .83 acres and is directly adjacent to Cobblestone. A unique and wonderful property!
Supplements: ********
More Information MLS# 220123979
Location, Tax, and Legal
Cross Street: Hanley
Section: Not Applicable
Parcel Number: 10467191
Tax Lot: 3800
Lot Size Acres: 8.5
Lot Size Square Feet: 370260
Additional Parcels YN: Yes
Additional Parcels Description: 4491 W Main St Tax Lot 2400 0.83 Acres
General Property Information
Building Area Total: 8.5
Building Area Source: Assessor
Building Area Units: Acres
# of Units Total: 69
New Construction YN: No
Zoning: RR-5
Tax Annual Amount: 19064.77
Tax Year: 2020
CC&R's YN: No
FIRPTA YN: No
Sign On Property YN: No
Year Built: 1887
Remarks and Miscellaneous
Public Remarks: An amazing investment opportunity! Cobblestone Mobile and RV Park is located in beautiful Southern Oregon, just 1.5 miles to Jacksonville. It is a very sought after 55 and over manufactured home park, with 40 manufactured homes, 26 RV spaces, and one frame built home. The average age of the homes is 2003 in Cobblestone and the park is 7.67 acres. The Historical Bybee House is also listed with this property and is a separate tax lot. The two story beautiful 1887 built Bybee House is a 2400 sq foot home that has been fully restored. There are three rental incomes coming from the Bybee property. The 500 sq foot historical water tower has also been renovated and both structures are fully furnished. The Bybee property is an additional .83 acres and is directly adjacent to Cobblestone. A unique and wonderful property!
Status Change Information
Sold Price per SqFt: 735294.12
Close Date: 2021-05-24
Under Contract Date: 2021-05-24
Status Change Timestamp: 2021-06-02
Close Price: 6250000
Currently Not Used
List Price per SqFt: 735294.12
Additional Features
Common Area: 1
Laundry Facility: 1
Business Type (AKA Sub Type)
Mobile/Trailer Park: 1
Body Type
Single Wide: 1
Double Wide: 1
Income and Expenses (Annual Amounts)
Cap Rate %: 3.6
Estimated Gross Operating Income $: 376080
Estimated Total Expenses: 96106.56
Net Operating Income: 279973.44
Common Walls
No Common Walls: 1
Cooling
Other: 1
Easements
Access: 1
Construction Materials
Unknown: 1
Flooring
Other: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
USDA Loan: 1
VA Loan: 1
Foundation Details
Other: 1
Heating
Other: 1
Levels
One: 1
Lot Features
Sprinklers In Front: 1
Roof
Composition: 1
View
Mountain(s): 1
Existing Lease Type
Month To Month: 1
Business Details
Business Included?: No
Exterior Features
RV Dump: 1
RV Hookup: 1
Owner Pays
Common Area Maintenance: 1
Sewer: 1
Water: 1
Tenant Pays
Electricity: 1
Parking Features
Other: 1
Sewer
Public Sewer: 1
Utilities
Electricity Connected: 1
Water Source
Well: 1
Parking Details
Parking: Yes
# of Carports: 40
# of Parking Spaces: 16
Documents on File
Maintenance Records: 1
Profit and Loss Statement: 1
Rental Agreement: 1
Well Data: 1
Special Listing Conditions
Standard: 1
Location Tax and Legal
Street Number: 4425
Street Dir Prefix: W
Street Name: Main
Street Suffix: Street
County: Jackson
State: OR
Postal Code: 97501
Contract Information
Original List Price: 6250000
Current Price: $6,250,000
Status: Closed
Sold Price: $6,250,000
Listing Contract Date: 2021-05-24
Property Features
Additional Features: Common Area; Laundry Facility
Body Type: Single Wide; Double Wide
Common Walls: No Common Walls
Construction Materials: Unknown
Cooling: Other
Flooring: Other
Foundation Details: Other
Heating: Other
Levels: One
Roof: Composition
Existing Lease Type: Month To Month
Business Type (AKA Sub Type): Mobile/Trailer Park
Owner Pays: Common Area Maintenance; Sewer; Water
Tenant Pays: Electricity
Easements: Access
Exterior Features: RV Dump; RV Hookup
Utilities: Electricity Connected
Lot Features: Sprinklers In Front
Parking Features: Other
View: Mountain(s)
Sewer: Public Sewer
Water Source: Well
Documents on File: Maintenance Records; Profit and Loss Statement; Rental Agreement; Well Data
Listing Terms: Cash; Conventional; FHA; USDA Loan; VA Loan
Special Listing Conditions: Standard
Listing Office:
John L. Scott Medford
Last Updated: November - 04 - 2024
Information deemed reliable but not guaranteed.