A well run 148 space park in Bend Oregon one the Northwest best known recreational area. Country Sunset is located near a major shopping center,a regional hospital and medical community. The park is well maintained with on site managers handling all the maintenance, repairs, and office duties. Park coaches are a mix of singlewide/doublewide older and newer models with the manager's manufactured home being the only park owned unit. Current rents are $390 for existing residents and $395 a month for new tenants with the last rent increase being over a year ago. The park has City services and all the streets are paved. Both the capitalization rate and cash return is 7.1%. However, there is interior park property on which 30-35 new spaces can be developed. Given a number of parks were closed in Bend and turned into residential home developments, the overall park vacancy factor in Bend has been 1%. Thus there is a demand for affordable mobile home living.
There is a assumable $3,650,000 loan at 5.875% due in full on 10/1/13. Additionally there could be owner terms. This is asolid investment opportunity in a prime area.
Fantastic opportunity to own income producing property with future redevelopment potential. Combination of mobile home and long term RV tenants provide affordable housing in a park with historically low vacancy rates. Existing management and third party meter reading and billing services make this property easy to operate. Seller financing available. Elms Mobile Park is located on busy Indio Boulevard adjacent to I-10. The property is bordered by the Whitewater River to the East and new housing developments to the South. Highlights include: Management in place All utilities reimbursed No park owned homes Redevelopment upside High visibility location
Fantastic opportunity to own income producing property with future redevelopment potential. Combination of mobile home and long term RV tenants provide affordable housing in a park with historically low vacancy rates. Existing management and third party meter reading and billing services make this property easy to operate. Seller financing available. Elms Mobile Park is located on busy Indio Boulevard adjacent to I-10. The property is bordered by the Whitewater River to the East and new housing developments to the South. Highlights include: Management in place All utilities reimbursed No park owned homes Redevelopment upside High visibility location
10% down on this deal of a mobile home park All new developed infrastructure, water, sewer, electrical, cable, etc. Located at Exit 119 Icard, NC Exchange being redone by state to empty all West bound traffic onto site at light Located 10 min to Hickory, Morganton & I-40/ I-85 connector Hwy321 Perfect park to redo as national hotel, food, resturant, convenience store, truck 10% down payment on this 25 lot re-developed mobile home park. All new city water & sewer, individual meters, new electrical, cable, everything. Tenants mail in rent checks, pay own utilites, trash pick up, grounds upkeep everything. 15 lots rented on Lease/Option agreement homes all 15 yr. + 90's mhs, 10 lots ready. Taxes are the owners only expense. Owners are involved in other business and can not devote time to park to fill up. A bank loan of $600,000 might be assumable and the owners will finance the balance short term with 10% down. An approved and funded redesigned I-40 interchange will empty the West bound exit ramp into a traffic light at this property which sits on 6 ac. Perfect site to hold until the interchange is finished for a Hampton Inn, Truck Stop, large convenience gas store, Cracker Barrel, etc. or just hold as a mhp. Already there is a McDonalds, Burger King, Granny's Kitchen, & other commercial development. There is enough money left on the construction loan to finish putting homes in the park Located at I-40 Icard Exit, 10 min. from Hickory or Morganton & Hwy.321 the connector for I-85 & I-40, is this 6 ac park with 25 new dev. lots. New West bond exit ramp will stop in front of park at traffic light. Ideal for re-development down the road for chain hotel, fast food, resturants, convenient store/gas, truck stop all interstate uses. I have seen land like this sell for $250M to $350M per ac. Nice commercial bldg (looks new) comes with property. this is a deal at 10% down! Owner has more than price in it. Looking for a new park with new infrastructure, this is it.
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Mrs. Oliver is a high energy, results oriented commercial real estate investment advisor in Tampabay focusing in specialty properties for investement and business operations. She consistently drives closing success, and has a strong record managing P&L. In her career, she achieved exciting turnarounds and was repeatedly recognized for her success in delivering high performance, cost effective solutions by combining creative and operational strengths. Her exceptional track record of business development is based on a philosophy of “Doing It Right the First Time”. Specialties include: Full commercial real estate services with a focus in multi-family investment property, MHP, failed condo-conversions, distressed property, receivorship services, 1031 exchange advisory services, tenant representation, Broker Opinion of Value, project management, and property management for your investment property needs in Florida. Securities Offered Through Grubb & Ellis Securities, Inc. Member FINRA/SIPC
Mobile Home Park. 7+/- acres. Paved access. Level room to grow 4 trailers. Featuring 2 wells & 2 septic. Tear Coat Creek at the rear of property. Only 45 minutes to Winchester, Virginia. 47052-52689
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A clean easy to run 21 space park in newer residential area of Springfield, Oregon which metro area of Eugene/Springfield is the second largest metro area in Oregon next to Portland.University of Oregon, the state's largest university is located in Eugene. The park residents are almost all seniors though the park isnot a declared senior park. The onsite manager handles all maintenance needs. Most coaches are 70's/80's vintage singlewides but well maintained. Expenses have been low for years due to no escalating city water/sewer expenses as the park has it's own domestic well and septic system. Rent is $360 a month with little turnover or vacancies as most residents have been living in the park for years. There is an assumable $565,000 loan with Union bank at 6.5% annual interest, due in three years. With $330,000 downpayment the cash return is 8.7% with increased cash flow after annual rent increases. The capitalization rate is 8%.
Alex Robertson is a commercial real estate broker with John L Scott Bend, Oregon who specializes in mobile home parks in the Northwest. Currently he has three parks for sale ranging in price from $895,000 to $7,000,000. Alex is available to evaluate your park's value for today's new real estate market. Or Alex will assist potential Buyers in locating a financially viable park to purchase. Contact numbers (541) 317-0123 office or cell (541) 280- 2117.