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
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, Seller Financing, New Loan
  • Cap Rate: 9.7%
  • Listing ID: 466531
  • Posted On: Aug 24, 2014
  • Updated On: Dec 2, 2015

Description

Great location on Snake River, looking more like a campground than mobile home park, this 28-unit park on 10.15 acres is turn key, bounded by the Snake River and River Rd on 3 sides, and comes with 8 park-owned homes, a coin-operated laundry, boat ramp, and several extra RV spaces, all of which are rented. Excellent in-place management, no deferred maintenance. The park is laid out for expansion on the north side, which includes an undeveloped 2 1/2 acre section, and an additional .55 acre utility/septic field easement.. A double-wide located on 1/2 acre apart from the rest of the park offers a great opportunity for an on-site owner to live/work/fish. Excellent water rights with 3 wells and irrigation from river. Pristine views looking west across the Snake into Oregon. Wonderful opportunity for investor or owner/retiree. Owner/Broker

Amenities

  • Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 28
Total Occupancy: 99.0 %
Year Built: 1987
Average MH Lot Rent: $248
Size: 10 acre(s)

Financial Information (Actual)

Gross Income: $109,072
Operating Expense: $36,061
Net Operating Income: $73,011
Expense Ratio: 33.1 %

Lot Information

Singlewide Lots: 16
Doublewide Lots: 7

RV Information

Number of RV Lots: 6
Average RV Lot Rent: $225

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $570