Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.4%
- Listing ID: 664794
- Posted On: May 11, 2016
- Updated On: Sep 7, 2016
Description
Altamont Mobile Estates is a 59-space manufactured housing community in Klamath Falls, Oregon. The community is 100 percent occupied with all resident-owned single-wide and doublewide homes. The community features on-site management in place, asphalt streets and city water and sewer services. Water and sewer expenses are submetered and passed through directly to the tenants. Located less than two miles from the Walmart Supercenter, restaurants and shopping centers on Washburn Way, Altamont Mobile Estates offers its residents easy access to essential services. Lot rents are currently $260 per month, which is $20-30 below market, affording the new owner the opportunity to quickly increase revenues.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 59 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1950 |
| Average MH Lot Rent: | $272 |
| Size: | 7 acre(s) |
Financial Information
| Net Operating Income: | $134,400 |
Lot Information
| Singlewide Lots: | 39 |
| Doublewide Lots: | 20 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |