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Address is 1000 East Hywy. 20 Sisters, OR 97759

Alex Robertson

John L Scott Commercial

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SistersRV park

Manufactured Home Community for Sale in Sisters, Oregon - Price Reduced!

1000 East Hywy. 20
Sisters, OR 97759

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Sale Price: $795,000
 

Contact Information

Alex Robertson
John L Scott Commercial

Mobile Home Park for Sale

Number of MH Lots: 45
Size: 6 acre(s)
Cap Rate: 5.3%
Purchase Method: Cash, New Loan
Status: Active
Property ID: 386287
Posted on: Jul 12, 2013
Updated on: Oct 02, 2014
Price: $795,000

Property Description

Sisters RV park has 7 park owned mobiles 5 of which are manufactured homes and 2 older mobiles,an office building with three attached apartments and 38 RV space hookups on the six acre parcels.The park is across the street from the five pines commercial center which has a brewery, movie theater, athletic club, hotel, cottages, spa and convention center. . Even with the passive non-involved ownership the park nets $64,000 annually, achieving a 8.1% capitalization rate.This is an excellent opportunity for a "hands-on" owner to purchase a property whereby he/she can increase park income and/or develop for commercial use.

Location Description

Sisters, Oregon is the west most city in Dechutes County located just East of the cascade mountain range. The Sisters/Bend area provides year around recreational opportunities including skiing, golfing, hiking, biking, rock climbing and fishing/boating in the high lakes of the cascade mountain

Park Information

Number of MH Lots:45
Total Occupancy:60.0%
Year Built:0
Average MH Lot Rent: $500
Size:6.0 acre(s)

Financial Information (Actual)

Gross Income$115
Operating Expense$70
Net Operating Income$45
Expense Ratio 60.9%
Debt Infon/a

Lot Information

Singlewide Lots:38
Doublewide Lots:7
Triplewide Lots:0
Park Model Lots:0

RV Information

Number of RV Lots:38
Average RV Lot Rent: $450

Utility Information

Water:City
Water Paid By: Park
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:7
Average Rent for Park-owned Homes: $800

Amenities and Other

Laundromat: Yes