703 18TH ST, La Grande, OR 97850
703 18TH ST, La Grande, OR 97850
703 18TH ST, La Grande, OR 97850
703 18TH ST, La Grande, OR 97850
703 18TH ST, La Grande, OR 97850
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Matt Willcuts

Matt Willcuts

+1(503) 807-8008
Listed by Columbia Equity Advisors
$ 790,000
Est. payment | /mo

1 Acres Lot

Save
$ 790,000
Est. payment | /mo
Save

1 Acres Lot

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

Regional Multiple Listing Service (RMLS)
Willcuts Company Realtors

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703 18TH ST