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E. Airport Rd Manufactured Homes 1555 E Airport Rd 3 Unit Mobile Home Park $675,000 ($225,000/Unit) 5.93% Cap Rate Hermiston, OR 97838
Investment Highlights
- Good Potential Rental Income
- Easily Accessable
- Low deferred maintenence
Executive Summary
This listing is three manufactured homes sitting on a lot that is 44,867 sq ft and is zoned C-2. They have been rented to family for little or no money. In this rental market they should rent for $1500-$2000 per month. They are in good shape and each has a storage shed. It is a common well with separate septic systems.
Property Facts
| Price | $675,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $225,000 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Size | 4,348 SF |
| Cap Rate | 5.93% | No. Stories | 1 |
| No. Units | 3 | Year Built | 1987 |
| Property Type | Multifamily | ||
| Zoning | C-2 - Commercial Other | ||
| Price | $675,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 5.93% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Size | 4,348 SF |
| No. Stories | 1 |
| Year Built | 1987 |
| Zoning | C-2 - Commercial Other |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Storage Space
- Refrigerator
- Range
- Tub/Shower
- Family Room
- Porch
Site Amenities
- 24 Hour Access
- Trash Pickup - Curbside
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | $1,800 | 1,400 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $141,600 | |
| Land Assessment | $40,400 | Total Assessment | $232,770 |
Property Taxes
Parcel Numbers
Land Assessment
$40,400
Improvements Assessment
$141,600
Total Assessment
$232,770
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Presented by
Boylan Realty LLC
E. Airport Rd Manufactured Homes | 1555 E Airport Rd
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