Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 7.1%
- Listing ID: 675744
- Posted On: Jun 9, 2016
- Updated On: Nov 30, 2016
Description
Nice all ages park on the east side of Portland, Oregon, the hottest housing market in the US! City water, city sewer, paved roadways. 42 mobile home/RV pads and 8 apartments with laundry room. Assigned parking, easy access to I-84 and I-205, on the bus line and close to shopping. 7 park owned units could be sold to the tenants. 4 current vacancies. Lots of renovation and improvements completed by the current owners. Call listing agent for details and a package!
Amenities
- Laundromat
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Park Information
Community Type: | All Age |
Number of MH Lots: | 42 |
Total Occupancy: | 92.0 % |
Average MH Lot Rent: | $495 |
Size: | 2 acre(s) |
Financial Information (Actual)
Gross Income: | $293,754 |
Operating Expense: | $124,839 |
Net Operating Income: | $168,915 |
Expense Ratio: | 42.5 % |
Debt Info: | New loan required |
Lot Information
Singlewide Lots: | 41 |
Doublewide Lots: | 1 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |