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
  • Cap Rate: 6.4%
  • Listing ID: 664794
  • Posted On: May 11, 2016
  • Updated On: Sep 7, 2016

Description

Altamont Mobile Estates is a 59-space manufactured housing community in Klamath Falls, Oregon. The community is 100 percent occupied with all resident-owned single-wide and doublewide homes. The community features on-site management in place, asphalt streets and city water and sewer services. Water and sewer expenses are submetered and passed through directly to the tenants. Located less than two miles from the Walmart Supercenter, restaurants and shopping centers on Washburn Way, Altamont Mobile Estates offers its residents easy access to essential services. Lot rents are currently $260 per month, which is $20-30 below market, affording the new owner the opportunity to quickly increase revenues.

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Park Information

Community Type: All Age
Number of MH Lots: 59
Total Occupancy: 100.0 %
Year Built: 1950
Average MH Lot Rent: $272
Size: 7 acre(s)

Financial Information

Net Operating Income: $134,400

Lot Information

Singlewide Lots: 39
Doublewide Lots: 20

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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