Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.6%
  • Listing ID: 715842
  • Posted On: Oct 24, 2016
  • Updated On: Jan 24, 2017

Description

Interesting property comprised of 10 acres in the high end area of Tumalo with four separate, secluded mobilehomes which are recognized as non-conforming grandfathered in homes in a Multiple use agriculture zone that usually only allows one resident home. At a 9.6% capitalization rate, this pseudo park provides strong income return with room for future rent increases. Each home has a separate driveway and functioning sewer septic system while Avion water provides domestic water to each site monthly rent ranges from $1,150- $1,550.

Location

Bend, Oregon is one of the Northwest premier recreational areas known for skiing, biking, rock climbing, boating, & golf. Bend also has a viable high tech community which is recognized as one of the fastest growing high tech areas in the Northwest .Additionally the Bend area is nationally recognized as one of best Northwest beer centers for its great micro breweries.

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Park Information

Community Type: All Age
Number of MH Lots: 4
Total Occupancy: 100.0 %
Year Built: 1977
Average MH Lot Rent: $1,400
Size: 10 acre(s)

Financial Information (Actual)

Gross Income: $67
Operating Expense: $9
Net Operating Income: $57
Expense Ratio: 13.4 %
Debt Info: Private Note $260,00

Lot Information

Doublewide Lots: 4

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic