Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.4%
- Listing ID: 958066
- Posted On: Jun 14, 2018
- Updated On: Mar 13, 2019
Description
Mountain View Mobile Home Park is an excellent 13-space investment or retirement income opportunity! Immediate monthly cash flow, includes 9 park-owned homes (2 are manufactured homes), 4 tenant-owned homes, a modern septic system, metered city water, several long-term tenants, easy access & visibility along US-101. In Langlois, yet close to Bandon & Port Orford shopping, beaches, lakes, fishing, golf. A turn-key business with easy management. Seller-carry financing available.
Location
Along the beautiful Oregon Coast, Langlois is a small town in unincorporated Curry County. The area is known for peaceful surroundings and long-term residents, with a wide variety of activities just a few miles in any direction. Beaches, shopping, unique restaurants, crabbing, fishing, hiking, world-class golfing, a wild safari animal park, farmer's markets, homemade jams, festivals, and a large variety of artwork are just a few of the many amenities available to both residents and tourists.
Amenities
- Laundromat
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 13 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1940 |
| Average MH Lot Rent: | $400 |
| Size: | 1 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $70,840 |
| Operating Expense: | $19,094 |
| Net Operating Income: | $51,746 |
| Expense Ratio: | 27.0 % |
| Debt Info: | None |
Lot Information
| Singlewide Lots: | 13 |
RV Information
| Number of RV Lots: | 1 |
| Average RV Lot Rent: | $300 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |