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
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan, Assumable Loan
  • Cap Rate: 7.3%
  • Listing ID: 893370
  • Posted On: Feb 8, 2018
  • Updated On: Apr 20, 2018

Description

A 13 space mobile home park and a stick built manager's home all homes owned by the park ownership with 100% rental history in one of the fastest growing areas on the West Coast, Deschutes County (Sunriver, Bend, Redmond). Space rents from $650-$800 a month, the on-site manager lives in the stick built house. A 7.3% cap rate with room to increase the cash/cap rate. Newly blacktopped park access road and all units in good condition. Strong equity growth property.

Location

Deschutes county is one of the fastest growing areas on the West coast know for its skiing, hiking, boating, running opportunities. La Pine is a bedroom community with residents working in Sunriver resort and Bend. The real estate market in Deschutes county continues to appreciate in value every year.

Amenities

  • Laundromat
  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 13
Total Occupancy: 100.0 %
Year Built: 1948
Average MH Lot Rent: $700
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $103,320
Operating Expense: $33,819
Net Operating Income: $69,501
Expense Ratio: 32.7 %
Debt Info: 250,000

Lot Information

Singlewide Lots: 10
Doublewide Lots: 3

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 13
Average Rent for Park-owned Homes: $700