Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 7.8%
- Listing ID: 18151
- Posted On: Nov 15, 2010
- Updated On: Aug 1, 2011
Description
Owner will finance the sale of FernView MHP. It is an easily managed park with upside. There are 26 spaces with 3 vacant spaces. No park owned homesThe park is on 2 wells and septic. It’s location is at the top of a hill with the septic on one side of the hill and 2 wells on the other. A perfect environment for well and septic. Paved Streets and a mix of single and doublewide homes. The 3 vacancies are represented as being large enough to accommodate double wides. Seller has owned this park for 30 years and does not try to fill it. Rents are approx $30-$40 low for the area. Systems are meticulously maintained.
Location
Rainier Oregon is one hour North West of Portland Oregon. Residents work in a varriety of cities within driving distance as well as commute to Portland. Fern View is at the top of a hill just outside of Rainier Oregon. Septic and Wells are all good in the area with plenty of rainfall and drainage.
Amenities
- Storage
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 26 |
| Total Occupancy: | 83.0 % |
| Average MH Lot Rent: | $265 |
| Size: | 11 acre(s) |
Financial Information
| Gross Income: | $0 |
| Operating Expense: | $0 |
| Net Operating Income: | $0 |
| Debt Info: | No Debit. Owner will Carry |
Lot Information
| Doublewide Lots: | 26 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |