Mobile Home Park Details

Purchase Method: Cash
Cap Rate: 5.8%
Listing ID: 856665
Posted On: Sep 8, 2017
Updated On: Sep 19, 2017

Description

The Bristol Mobile Home Community is located in the city of Klamath Falls, Oregon. It is located on approximately 7 acres. The property is a very tidy and well kept community made up of retiree’s and families. The management has lived at the Bristol Home Community for over 30 years and activity managed it for over 15 years.

• 100% occupancy
• 55 mobile home spaces & one apartment
• Paved streets/lighted streets
• City water, sewer, and utilities
• Located on 7 acres
• Onsite manager – 15 yrs tenure
• Built in 1976
• 8 DW, 47 SW, 1 apartment
• Laundry facility
• Fenced RV & Boat storage
• $310 month space rent/$525 for apartment and pass through for water and sewer generating approx. $2,564 per month..

The Bristol Mobile Home Community offers a new investor a stable income stream with very reliable management in place. The current owner has owned and operated the community from out-of-state for many years and found it very easy-to-do-so.

*** PLEASE DO NOT CONTACT THE PARK MANAGER/OFFICE ***

Location

BRISTOL MOBILE HOME COMMUNITY
KLAMATH FALLS - OREGON

Klamath County, Oregon, the home of Crater Lake National Park, is located just east of the Cascade Mountains and just north of the Oregon/California border. It includes snow capped mountains in the west, and high desert area in the east. For leisure activities, there is everything from hunting and fishing in the scenic mountains, marshes, lakes and rivers, sight-seeing at the many attractions, including the majestic Crater Lake, bird watching and wildlife viewing at the National Wildlife Refuges, or seeing real western history at its museums.

Upper Klamath Lake, in the Klamath Basin, is the largest lake in Oregon. The 25 mile long, 64 square mile lake is one of the best bird watching areas in the state. The Klamath Basin has six National Wildlife Refuge Areas, three of which are in Oregon. The Basin hosts the largest number of wintering bald eagles in the lower 48 states, which begin arriving in November each year. During the spring and fall bird migrations, you can see thousands of Canadian geese, pintails, mallards, cormorants, gulls, herons, pelicans and other marsh birds and waterfowl. There are self-guided auto and canoe trail tours to take for bird viewing.

Klamath County has a population of over 65,000. Klamath Falls is the county seat and has over 20,000 residences.