Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Property ID: 1268206
  • Posted On: Jun 8, 2020
  • Updated On: Sep 2, 2020

Property 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.

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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

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