Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.2%
- Listing ID: 386287
- Posted On: Jul 12, 2013
- Updated On: Oct 27, 2015
Description
Sisters RV park has 7 park owned mobiles 5 of which are manufactured homes and 2 older mobiles,an office building with three attached apartments and 31 RV space hookups on the six acre parcels.The park is across the street from the five pines commercial center which has a brewery, movie theater, athletic club, hotel, cottages, spa and convention center. . Even with the passive non-involved ownership the park nets $65,000+ annually, achieving a 8.2% capitalization rate.This is an excellent opportunity for a "hands-on" owner to purchase a property whereby he/she can increase park income and/or develop for commercial use.
Location
Sisters, Oregon is the west most city in Dechutes County located just East of the cascade mountain range. The Sisters/Bend area provides year around recreational opportunities including skiing, golfing, hiking, biking, rock climbing and fishing/boating in the high lakes of the cascade mountain
Amenities
- Laundromat
Park Information
Community Type: | All Age |
Total Occupancy: | 60.0 % |
Year Built: | 0 |
Average MH Lot Rent: | $500 |
Size: | 6 acre(s) |
Financial Information (Actual)
Gross Income: | $146 |
Operating Expense: | $82 |
Net Operating Income: | $64 |
Expense Ratio: | 56.2 % |
Debt Info: | n/a |
Lot Information
Singlewide Lots: | 38 |
Doublewide Lots: | 7 |
Triplewide Lots: | 0 |
Park Model Lots: | 0 |
RV Information
Number of RV Lots: | 38 |
Average RV Lot Rent: | $450 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 7 |
Average Rent for Park-owned Homes: | $800 |