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Browse More Listings in Multifamily For Sale, Portland, OR or Oregon

Multifamily Property For Sale

Viking Mobile Home Park

3541 SE 111th Ave., Portland, OR 97206

Price:
$1,470,000
No. Spaces:
30
Price/Space:
$49,000
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Commission Split:
4%
Cap Rate:
7%
Lot Size:
3 AC
Find Out More...

Last Verified 10/16/2009 Listing ID 16144288

Description

Viking/Olson Mobile Home Park consists of 2 parks that sit contiguous to each other and are both owned by the same party. Viking has 27 spaces plus a 2-bedroom house. Olson has 3 spaces. The park is convently located on the corner of Highway 26 (Powell Blvd.) and 111th street and is close to major shopping. Both parks are designated 55 years and older. Both parks show well-maintained spaces with pride of ownership. Also located in Viking is a laundry room and storage area. Brokers involved will receive a 2% commission split.

The park sits on full city services. The tenants pay for sewer, water and garbage. Rents have not been raised in over 18 months so there is a good upside potential. Over the years the park has been virtually 100% occupied.

Financial Summary

Actual
Net Operating Income
$102,900

Map of 3541 SE 111th Ave., Portland, OR 97206 (Multnomah County)

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Presented by

Richard H. Block & Associates

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Richard Block (360) 666-0286

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Created 3/12/2009

Additional Information for 3541 Se 111th Avenue, Portland, OR 97266

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Viking Mobile Home Park

3541 SE 111th Ave., Portland, OR, 97206