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Photo of Manufactured Home Community
Photo of Manufactured Home Community
Photo of Manufactured Home Community

Mobile Home Park Details

  • Purchase Method: New Loan
  • Cap Rate: 6.8% (Pro Forma)
  • Listing ID: 69009
  • Posted On: Apr 21, 2011
  • Updated On: May 31, 2011

Description

Well-established, clean, Portland metro property. Excellent location close to services. Strong market!

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Park Information

Community Type: All Age
Number of MH Lots: 38
Total Occupancy: 100.0 %
Year Built: 1987
Average MH Lot Rent: $505
Size: 5 acre(s)

Financial Information (Pro Forma)

Gross Income: $229,838
Operating Expense: $61,899
Net Operating Income: $167,938
Expense Ratio: 26.9 %

Lot Information

Singlewide Lots: 14
Doublewide Lots: 24

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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