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1604 Hope St 13 Unit Mobile Home Park $1,200,000 ($92,308/Unit) 9.45% Cap Rate Klamath Falls, OR 97603
INVESTMENT HIGHLIGHTS
- Nice residential are very close to the sports park
- High occupancy
- Eight owned units
EXECUTIVE SUMMARY
13 space manufactured home park with 8 park owned units. One vacant space and all park owned units are occupied. Park provides water, sewer and trash. Units are in good condition. Some of the park owned units have newer a/c heat pump a/c. 9.45% capitalization rate.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$180,096
|
$129.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,943
|
$4.28
|
| Effective Gross Income |
$174,153
|
$125.56
|
| Taxes |
$5,712
|
$4.12
|
| Operating Expenses |
$55,052
|
$39.69
|
| Total Expenses |
$60,764
|
$43.81
|
| Net Operating Income |
$113,389
|
$81.75
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $180,096 |
| Annual Per SF | $129.85 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,943 |
| Annual Per SF | $4.28 |
| Effective Gross Income | |
|---|---|
| Annual | $174,153 |
| Annual Per SF | $125.56 |
| Taxes | |
|---|---|
| Annual | $5,712 |
| Annual Per SF | $4.12 |
| Operating Expenses | |
|---|---|
| Annual | $55,052 |
| Annual Per SF | $39.69 |
| Total Expenses | |
|---|---|
| Annual | $60,764 |
| Annual Per SF | $43.81 |
| Net Operating Income | |
|---|---|
| Annual | $113,389 |
| Annual Per SF | $81.75 |
PROPERTY FACTS
| Price | $1,200,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $92,308 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.41 AC |
| Cap Rate | 9.45% | Building Size | 1,387 SF |
| Gross Rent Multiplier | 8.3 | Average Occupancy | 95% |
| No. Units | 13 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1960 |
| Zoning | RM | ||
| Price | $1,200,000 |
| Price Per Unit | $92,308 |
| Sale Type | Investment |
| Cap Rate | 9.45% |
| Gross Rent Multiplier | 8.3 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 1.41 AC |
| Building Size | 1,387 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built | 1960 |
| Zoning | RM |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 13 | - | - |
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1604 Hope St
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