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Cherry Court 3475 Cherry Ave NE 14 Unit Mobile Home Park $1,237,000 ($88,357/Unit) 5% Cap Rate Keizer, OR 97303
INVESTMENT HIGHLIGHTS
- The Community is located minutes away from Downtown Salem.
- Providing incredible access to neighborhood amenities, transportation, and highways.
- Central Keizer location is ideal for commuters and work-from-home residents.
EXECUTIVE SUMMARY
Sterling Properties Real Estate Services, LLC is pleased to present the exclusive opportunity to acquire Cherry Court, a Manufactured Housing and Recreational Vehicle Community comprised of 14 spaces ideally located in the heart of Keizer, OR. With excellent proximity to shopping, entertainment districts and restaurants, this community is an attractive destination for tenants.
PROPERTY FACTS
| Price | $1,237,000 | Apartment Style | Garden |
| Price Per Unit | $88,357 | Building Class | C |
| Sale Type | Investment | Building Size | 35,284 SF |
| Cap Rate | 5% | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $1,237,000 |
| Price Per Unit | $88,357 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Building Size | 35,284 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1970 |
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Bike Score®
Very Bikeable (74)
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Cherry Court | 3475 Cherry Ave NE
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