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Mobile Home Park Details
- Purchase Method: Seller Financing, Assumable Loan
- Cap Rate: 10.0%
- Listing ID: 358616
- Posted On: Jan 22, 2013
- Updated On: Nov 3, 2017
Description
PRICE REDUCTION! (from $790 to $725). Big Foot Mobile Home Park offers an exceptional value ad high cash flow opportunity for the hands on investor. The park is situated on 4.75 park like acres and is comprised of 22 mobile home spaces (no park owned homes), five cottages, a single level six plex and one single family home. 10% cap rate on existing 70% occupancy.
Well water & Septic. Paved roads.
Assumable loan of $445,000 at 3.76%!!
OWNER IS MOTIVATED AND WILL ENTERTAIN ALL OFFERS!! CONTACT: Jim Reiter - Marcus & Millichap, Inc. - 503-200-2028
Location
Sandy, Oregon is a suburban community of Portland. Big Foot MHP has a rural location on the way to the popular Mt. Hood recreation area.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Total Occupancy: | 70.0 % |
Financial Information
| Net Operating Income: | $74 |
| Debt Info: | Assumable loan @ 3.76% |