Mobile Home Park Details

Purchase Method: Cash, Seller Financing
Cap Rate: 5.3%
Listing ID: 1256775
Posted On: May 15, 2020
Updated On: Oct 23, 2023

Description

Foley Court Mobile Home Park is Quality 10 space Senior Community located in downtown Hermiston, Oregon (30 miles from Kennewick, WA). Property operates on City Services and covers approx. 1-acre parcel. This owner operated Park offers a stable long-term tenant base and a well-cared for investment with upside in rents.

Location

Hermiston is a vibrant city of 18,000 residents located near the intersection of Interstate 84 and Interstate 82, just minutes from a Columbia River port and the Washington state line. Access to the property intersection of Interstate 84 and Interstate 82, just minutes from a Columbia River port and the Washington state line (30 miles from Kennewick, WA).

Hermiston lies in Umatilla County with a population of 75,889 per 2010 census. Umatilla County is part of the Hermiston-Pendleton, OR Micropolitan Statistical Area. Portland State University projects that 80% of all growth in the MSA will occur in the immediate Hermiston vicinity between 2016 and 2035