Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 7.3%
- Listing ID: 102096
- Posted On: Aug 1, 2011
- Updated On: Mar 26, 2012
Description
Wonderfully maintained 55+ MHP. Owner is offering very good terms on a Note and Trust Deed. 57 spaces plus one apartment on 2 wells and septic. Park is full and is considered one of the most desirable parks in the entire area. Systems are all modern from 1995- 2005. Easily managed with very good onsite management and offsite if needed. Paved and gravel roads, large open space. Great tenants.
Please call Rundle Commercial Real Estate 503-980-3512 for more information.
Location
Sits directly north of Tillamook just off of Hwy 101 on a dead end road. Quiet and beautiful
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 58 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1969 |
| Average MH Lot Rent: | $300 |
| Size: | 18 acre(s) |
Financial Information (Actual)
| Gross Income: | $215 |
| Operating Expense: | $47 |
| Net Operating Income: | $168 |
| Expense Ratio: | 21.9 % |
| Debt Info: | Non at this point |
Lot Information
| Singlewide Lots: | 22 |
| Doublewide Lots: | 27 |
RV Information
| Number of RV Lots: | 8 |
| Average RV Lot Rent: | $290 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |