Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
- Cap Rate: 5.1%
- Listing ID: 1565576
- Posted On: Dec 1, 2021
- Updated On: Mar 28, 2022
Description
Seller financing available with 25% down!
Daniels Mobile Home Park is an established 20 space 55+ park located in the Dalles, Oregon. Built in 1973, the park has a low density situated on 2.68 +/- level acres and is comprised of well-maintained mostly single wide homes. The owner recently added five permitted new spaces, which are new home ready! The asking price includes the two park owned homes and the additional $400,000 of value that can be realized by filling the 5 pads. The property is located in a designated opportunity zone (huge tax advantage)!
Over the years, there have been many upgrades to Daniels MHP, including new water and sewer lines. Several newer homes have been added to the park. Tenants enjoy a quiet location convenient to all shopping and services with below market rents!
Asking Price is $1,890,000 - all offers are being considered!
Email: Jim@ColumbiaEquityAdvisors.com or Perri@ColumbiaEquityAdvisors.com for the complete marketing package.
Location
The Dalles, OR - 1 hour 25 min drive to Portland
Amenities
- Storage
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 20 |
| Year Built: | 1973 |
| Average MH Lot Rent: | $435 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $128,520 |
| Operating Expense: | $28,000 |
| Net Operating Income: | $100,520 |
| Expense Ratio: | 21.8 % |
Lot Information
| Singlewide Lots: | 9 |
| Doublewide Lots: | 5 |
RV Information
| Number of RV Lots: | 1 |
| Average RV Lot Rent: | $500 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $1,600 |