Big Spruce MHP 289.JPG
Big Spruce MHP 289.JPG
Big Spruce MHP 292.JPG
Big Spruce MHP 292.JPG
jan 2012 photos 026.JPG
jan 2012 photos 026.JPG
Big Spruce MHP 289.JPG
Big Spruce MHP 292.JPG
jan 2012 photos 026.JPG

Mobile Home Park Details

  • Purchase Method: New Loan
  • Cap Rate: 8.8%
  • Listing ID: 362491
  • Posted On: Feb 13, 2013
  • Updated On: Jun 14, 2013

Description

PRINCIPALS ONLY: 44 spaces PLUS a duplex. Beautifully maintained MHP just off Hwy 101 in Florence, OR. The current owner cares for the park with meticulous detail and has, over the years, improved every aspect of the park. The Wells and Septic system are maintained by professional companies who are on a rotation schedule for maintenance. The roads were recently resealed, the duplex is in good shape and the landscaping is clean. Tenants love living here and spaces are easily filled. The lower unit in the duplex is being renovated and currently empty.

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Park Information

Community Type: All Age
Number of MH Lots: 46
Total Occupancy: 95.0 %
Year Built: 1970
Average MH Lot Rent: $340
Size: 15 acre(s)

Lot Information

Singlewide Lots: 5
Doublewide Lots: 40

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $620