Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 412329
  • Posted On: Oct 25, 2013
  • Updated On: Jul 21, 2014

Description

37 space, 55 and older community with an additional apartment and commercial building conveniently located on Portland's Eastside. Rents are below market with potential for increases. There is significant value to be added here, for the right buyer looking for more of an investment opportunity.

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Park Information

Community Type: 55 And Over
Number of MH Lots: 37
Total Occupancy: 95.0 %
Year Built: 1951
Average MH Lot Rent: $395
Size: 3 acre(s)

Financial Information (Pro Forma)

Gross Income: $180
Operating Expense: $62
Net Operating Income: $117
Expense Ratio: 34.4 %

Lot Information

Singlewide Lots: 31
Doublewide Lots: 5

Utility Information

Water: City
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $525