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: 7.3%
- Listing ID: 900230
- Posted On: Feb 22, 2018
- Updated On: Dec 30, 2021
Description
Round Lake Park's 118 spaces in Oregon sit over roughly 50 acres, accommodating Mobile Homes, Tiny Homes, and RVs. Electric is direct billed and serviced by the city, while trash is serviced by the city but included in rent. There is no gas on the property, and Water/Sewer is serviced by PUC Sewer/Water Co and included in rent.
There are existing utilities established on the property for an additional 70 pads of expansion.
Location
This property is located in Klamath Falls, Oregon, adjacent to Round Lake. The picturesque Klamath Falls market is a hop, skip, and a jump from Wine Country, and an upcoming market - without all of the difficult rules and taxes of California. The breathtaking Crater Lake National Park is an easy drive from the Park.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 118 |
| Total Occupancy: | 75.0 % |
| Size: | 50 acre(s) |
Financial Information (Actual)
| Gross Income: | $237,611 |
| Operating Expense: | $116,113 |
| Net Operating Income: | $237,611 |
| Expense Ratio: | 48.9 % |
Lot Information
| Singlewide Lots: | 59 |
| Doublewide Lots: | 59 |
Utility Information
| Water Paid By: | Park |
