Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1268206
- Posted On: Jun 8, 2020
- Updated On: Sep 2, 2020
Description
Marcus & Millichap is pleased to present the opportunity to acquire a 27 unit mobile home park located at 9035 SE Division St, Portland, Oregon. Of the 27 units, there are a mix of mobile homes, studio apartments, RVs, and one single family home. The current lot rent and studio apartment rents are below market, and a rent raise has been planned for June 2020. The community currently uses city utilities and is located near I-205, a major thorough fare in the Portland MSA. There are currently three vacant units that can be remodeled, giving a new owner upside in renting the three additional units.
Park Information
| Community Type: | All Age |
| Total Occupancy: | 89.0 % |
| Average MH Lot Rent: | $448 |
Lot Information
| Singlewide Lots: | 13 |
| Park Model Lots: | 1 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $592 |