Springtide Trailer Park
41-Unit MHP | Coos Bay, OR | Below-Market Rents
Marketing description
Springtide Mobile Home Park is a 41-unit, all-age manufactured housing community located in the supply-constrained coastal market of Coos Bay, Oregon. Situated on approximately ±2.95 acres with city water and sewer, the property consists of 38 tenant-owned home sites, one park-owned home, one park-owned RV unit, and one single-family residence (SFR), providing a stable, low-maintenance revenue stream.
The community is currently 100% occupied and offers a compelling value-add opportunity through below-market rents, which are estimated to be approximately 25% under market levels. Ownership has not implemented a community-wide rent increase since 2020, creating a clear path for future revenue growth. Additional upside exists through the implementation of a RUBS program to recover water, sewer, and trash expenses, monetizing the existing on-site laundry facility with coin-operated equipment, expanding tenant storage, and bringing the single-family residence to current market rent.
Recent capital improvements include approximately $20,000–$30,000 in electrical infrastructure upgrades and a new roof on the single-family residence. With strong occupancy, predominantly tenant-owned homes, and a desirable coastal location, Springtide Mobile Home Park offers investors stable in-place cash flow with multiple avenues for long-term NOI growth.
Investment highlights
- 41-unit all-age manufactured housing community in coastal Coos Bay, Oregon
- 98% occupied with strong in-place cash flow
- 38 tenant-owned homes minimize ongoing repair and maintenance obligations
- Approximately 25% below-market rents with significant rental upside
- Opportunity to implement RUBS for water, sewer, and trash reimbursement
- Ability to monetize the existing on-site laundry facility with coin-operated equipment
- Additional income potential through expanded tenant storage
- Single-family residence provides additional rental income with upside to market rent
- Public water & sewer
- Recent electrical infrastructure improvements totaling approximately $20,000–$30,000
- New roof recently installed on the single-family residence
- Attractive price per space compared to comparable Oregon coastal communities
- Convenient location near shopping, schools, parks, healthcare, and major employers
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