Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1161543
- Posted On: Dec 5, 2019
- Updated On: Aug 24, 2020
Description
Marcus and Millichap is pleased to present for sale and opportunity to acquire a mobile home park located in Baker City, Oregon. Oregon Trail Plaza is a paved with 34 total spaces, there are 4 vacant spaces, 25 park owned, and 5 tenant owned. The park is on city water and sewer which is currently paid for by the park. Currently no utilities are being passed through. The current owners have spent the last several years repairing the entire electrical system in the park and updating the park owned homes as necessary.
The park has an onsite manager that collects the rents and does any repairs to the park owned units. This opportunity is ideal for an investor looking to purchase a stable park in Eastern Oregon. Potential upside is in the lot rent and potentially selling the homes to the tenants on contract.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 40 |
| Total Occupancy: | 75.0 % |
| Year Built: | 1950 |
| Average MH Lot Rent: | $285 |
| Size: | 3 acre(s) |
Lot Information
| Singlewide Lots: | 40 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 25 |
| Average Rent for Park-owned Homes: | $450 |