Contact Information
Perri Weber
License: WA 139417 / CA 02105217
Mobile Home Park Details
- Price: $3,575,000
- Purchase Method: Cash, New Loan, Assumable Loan
- Cap Rate: 8.6% (Pro Forma)
- Listing ID: 6957319
- Posted On: Aug 4, 2025
- Updated On: Aug 4, 2025
Description
Presenting a rare opportunity to acquire three value-add
mobile home/RV parks in prime Portland metro locations:
8460 SE Clatsop St, Happy Valley, OR
8205 SE Harney St, Portland, OR
4720 NE 110th Ave, Portland, OR
Each park is connected to city water and sewer, with the
ability to bill back utilities. Current rents are significantly
below market, offering immediate upside through rent
adjustments.
Properties are valued at 75% occupancy, creating a strong
path to boost NOI by filling vacancies.
With several low-income housing incentives available, and
located in a metro of over 2.5 million residents, these parks
offer resilient cash flow and major long-term potential.
Don’t miss out on this rare portfolio with both stability and
growth ahead!
Location
Portland, OR
Amenities
- Storage
Park Information
| Community Type: | All Age |
| Total Occupancy: | 50.0 % |
| Average MH Lot Rent: | $750 |
Financial Information (Pro Forma)
| Gross Income: | $472,919 |
| Operating Expense: | $165,525 |
| Net Operating Income: | $307,394 |
| Expense Ratio: | 35.0 % |
| Debt Info: | $1,300,000 assumable loan with Wauna Credit Union |
Lot Information
| Singlewide Lots: | 10 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 49 |
| Average RV Lot Rent: | $750 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - RUBs |
| Sewer: | City |