Contact Information

Mobile Home Park Details

  • Price: $1,800,000
  • Purchase Method: Cash
  • Cap Rate: 8.5%
  • Listing ID: 3977711
  • Posted On: Nov 10, 2023
  • Updated On: Nov 14, 2023

Description

Phenomenal opportunity to own a three-park portfolio, totaling 58 spaces, located on the east side of the Portland Metro. The parks were constructed in the 60 or 70’s and are connected to city water and sewer. All are in well-populated areas with full shopping, services, and public transportation within walking distance.

Most of the spaces are occupied by RVs or trailers with many being park-owned. The asking price is based on space rent only. The substantial income coming in from the value of the park-owned RV’s and trailers is not being factored into the asking price.
Although these parks come with their own set of challenges and needed repairs, they are priced accordingly. The seller is looking for a quick closing and will entertain all offers!

Please email Perri@columbiaequityadvisors.com for the marketing package.

Location

Portland Metro Area

Amenities

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

Park Information

Community Type: All Age
Number of MH Lots: 58
Total Occupancy: 95.0 %
Average MH Lot Rent: $700

Financial Information (Actual)

Net Operating Income: $152,945

Lot Information

Singlewide Lots: 6

RV Information

Number of RV Lots: 49

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Similar Mobile Home Parks for Sale