Merrill Mobile Manor

Merrill Mobile Manor is an all-age mobile home and RV park located in Merrill, Oregon.​ The community is comprised of 32 MH/RV sites and 1 park-owned home on a large mobile home site.​ 27 of the 33 RV/MH sites are sub-metered for electricity while 6 of the other sites are pull-through or offered at $510 including utilities.​ Built on 1.63 acres, the park has a density of 20.20 sites per acre and is 100% occupied.​ The site rent is $455, the pull-through is $510, and the park-owned home is $616.​ There are daily, weekly, and monthly long-term stays available for the RV's.​ The pull-through sites are big rig-friendly and have 50-amp hookups.​ The monthly sites are all level with lawns, patios, and storage sheds.​ The park also has amenities, including wifi, coin-operated showers, and laundry.​

Merrill Mobile Manor is serviced by City Water & City Sewer.​ The Water, Sewer, and Trash are included in the site rent, and electricity is sub-metered with the first 300 KW at no change, any usage over 300 is billed to the residents at 14 cents per KW.​

The infrastructure composition is as follows:

Sewer: Ductile Iron Pipe

Water: Galvanized Sites P er Two Master Meters

Trash: 6- or 8-Yard Bin

Electricity: Copper Wi re in Conduit

Natural Gas: None.​ Individual Tanks

Priced at $1,500,000 ($45,455 Per Site), Merrill Mobile Manor's underwriting utilizes a 44.36% ($2,355/site) combined expense ratio resulting in a $97,502 Net Operating Income and a 6.50% Capitalization Rate with the current occupancy which allows for $30,000 in economic vacancy.​ Seller financing is available for qualified investors for a 5-year term with 5% interest-only payments, offering an incoming buyer attractive cash-on-cash returns in today's market

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  100% Occupied 33-Site MH/RV Park

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  Seller-Financing Available | 40% Down | 5% I/O | Due in 5-Years

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  Located in Merrill Oregon, 21 Miles South of Klamath Falls on Hwy 39

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  The Community is Immediately Visible as You Enter Merrill and has Good Curb Side Appeal

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  Merrill Manor is Located in Walking Distance to All City Amenities and Services

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  The Community Appeals to Short Term and Long-Term Residents, the Sites are in High Demand

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  The Rents Ranges from $410-$455 and Includes 300 KW of Electric Usage. Residents Pay .14 Cents Per KW Above the 300.

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  Overnighters: $50 Per Day | Weekly: $255 | 6 Pull Through Monthly: $510 Utilities Included

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  The Park Does Not Make Reservations for Short-Term or Long-Term Residents. Some Residents will Pay in Advance to Hold the Site

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  Seasoned Onsite Manager with Substantial Experience at $500 per Month, Free Site Rent & Utilities. Assistant Manager at $150 Site Rent Credits