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 |