Contact Information

Mobile Home Park Details

  • Price: $3,395,000
  • Cap Rate: 5.6%
  • Property ID: 1611154
  • Posted On: Feb 24, 2022
  • Updated On: May 20, 2022

Property Description

51-SITE MOBILE HOME & LONG-TERM RV PARK WITH VALUE-ADD OPPORTUNITY

The offering provides the opportunity to acquire 7.03 acres in Dallesport, Washington, comprised of 34 mobile sites (7 park-owned) plus 16 RV sites, on-site storage, and a single-family home.​ The Property is located just north of The Dalles on the Washington side of the Columbia River, easily accessible off I-84, the main east/west thoroughfare extending across Oregon.​

The Property benefits from below market rents, an ideal Washington location, and no rent control.​ Dallesport is a part of The Dalles market and benefits from nearby amenities and outdoor recreation in the trade area including nearby large employers such as Google.​

Location

Dallesport is a community located off Interstate-84 on the Washington side of the Columbia River, the main east-west arterial crossing the state of Oregon. The Property is just north of The Dalles with direct access to Portland, Oregon only an hour west. The Dalles operates as the economic hub for the Mid-Columbia region and has a strong local economy historically supported by agriculture, that has grown to include tech. Google opened a center in 2006 in a $1.8 billion investment into the trade area, expanded with an additional $600 million facility in 2016, and just received a coveted tax break in late-2021 for another plant they are planning. Google is one of the largest employers in the county.

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Park Information

Number of MH Lots: 51
Total Occupancy: 96.0 %
Year Built: 1930
Size: 7 acre(s)

Financial Information

Net Operating Income $191,319
Debt Info

Utility Information

Water: Well
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 7

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