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SistersRV park

Multi Family Housing for Sale in Sisters, Oregon

1000 East Hywy. 20
Sisters, OR 97759

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Mobile Home Park for Sale

Size: 6 acre(s)
Cap Rate: 8.2%
Purchase Method: Cash, New Loan
Status: Sold
Property ID: 386287
Posted on: Jul 12, 2013
Updated on: Oct 27, 2015

Property Description

Sisters RV park has 7 park owned mobiles 5 of which are manufactured homes and 2 older mobiles,an office building with three attached apartments and 31 RV space hookups on the six acre parcels.The park is across the street from the five pines commercial center which has a brewery, movie theater, athletic club, hotel, cottages, spa and convention center. . Even with the passive non-involved ownership the park nets $65,000+ annually, achieving a 8.2% capitalization rate.This is an excellent opportunity for a "hands-on" owner to purchase a property whereby he/she can increase park income and/or develop for commercial use.

Location Description

Sisters, Oregon is the west most city in Dechutes County located just East of the cascade mountain range. The Sisters/Bend area provides year around recreational opportunities including skiing, golfing, hiking, biking, rock climbing and fishing/boating in the high lakes of the cascade mountain

Park Information

Total Occupancy:60.0%
Year Built:0
Average MH Lot Rent: $500
Size:6.0 acre(s)

Financial Information (Actual)

Gross Income$146
Operating Expense$82
Net Operating Income$64
Expense Ratio 56.2%
Debt Infon/a

Lot Information

Singlewide Lots:38
Doublewide Lots:7
Triplewide Lots:0
Park Model Lots:0

RV Information

Number of RV Lots:38
Average RV Lot Rent: $450

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:7
Average Rent for Park-owned Homes: $800

Amenities and Other

Laundromat: Yes

Zip codes in Sisters, OR

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