Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
  • Cap Rate: 5.1%
  • Listing ID: 1565576
  • Posted On: Dec 1, 2021
  • Updated On: Mar 28, 2022

Description

Seller financing available with 25% down!

Daniels Mobile Home Park is an established 20 space 55+ park located in the Dalles, Oregon. Built in 1973, the park has a low density situated on 2.68 +/- level acres and is comprised of well-maintained mostly single wide homes. The owner recently added five permitted new spaces, which are new home ready! The asking price includes the two park owned homes and the additional $400,000 of value that can be realized by filling the 5 pads. The property is located in a designated opportunity zone (huge tax advantage)!

Over the years, there have been many upgrades to Daniels MHP, including new water and sewer lines. Several newer homes have been added to the park. Tenants enjoy a quiet location convenient to all shopping and services with below market rents!

Asking Price is $1,890,000 - all offers are being considered!

Email: Jim@ColumbiaEquityAdvisors.com or Perri@ColumbiaEquityAdvisors.com for the complete marketing package.

Location

The Dalles, OR - 1 hour 25 min drive to Portland

Amenities

  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: 55 And Over
Number of MH Lots: 20
Year Built: 1973
Average MH Lot Rent: $435
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $128,520
Operating Expense: $28,000
Net Operating Income: $100,520
Expense Ratio: 21.8 %

Lot Information

Singlewide Lots: 9
Doublewide Lots: 5

RV Information

Number of RV Lots: 1
Average RV Lot Rent: $500

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $1,600