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Edmonds Estate 35070 SE Compton Rd 13 Unit Mobile Home Park $2,750,000 ($211,538/Unit) 6.17% Cap Rate Boring, OR 97009
Investment Highlights
- Immediate Cash Flow with Huge Upside: Currently generating substantial monthly revenue with significant potential to increase NOI
- Major Modernization Opportunity: The 1965-built, 5,320 SF manor is a prime candidate for a high-end renovation
- Strategic Location & Favorable Zoning: Located in a stable rural corridor with EFU zoning and an established water district already in place
Executive Summary
Rare income-producing estate on 9.96 acres + adjoining 2.34 acre parcel with huge live-and-earn, multi-generational and investment potential. On the property are multiple income streams projected to exceed $20,500 per month from the 3,200 SF shop, 11 manufactured/mobile homes, 5 resident storage bays, barn and large 5,320 SF dual-living residence. This unique property offers massive upside in updating the vacant residence and improving the existing infrastructure. The manor residence features dual-living potential with the main level offering 3 spacious bedrooms, 2 full baths, large kitchen and dedicated office. Lower level has an additional 2 bedrooms, 1 bath, full kitchen and ample living/flex space. Projected rents are at $20,500 per month with a pro-forma CAP of 6.17%. Financials available upon request.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$246,000
|
$21.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$12,300
|
$1.10
|
| Effective Gross Income |
$233,700
|
$20.83
|
| Taxes |
$9,631
|
$0.86
|
| Operating Expenses |
$54,359
|
$4.84
|
| Total Expenses |
$63,990
|
$5.70
|
| Net Operating Income |
$169,710
|
$15.13
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $246,000 |
| Annual Per SF | $21.93 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $12,300 |
| Annual Per SF | $1.10 |
| Effective Gross Income | |
|---|---|
| Annual | $233,700 |
| Annual Per SF | $20.83 |
| Taxes | |
|---|---|
| Annual | $9,631 |
| Annual Per SF | $0.86 |
| Operating Expenses | |
|---|---|
| Annual | $54,359 |
| Annual Per SF | $4.84 |
| Total Expenses | |
|---|---|
| Annual | $63,990 |
| Annual Per SF | $5.70 |
| Net Operating Income | |
|---|---|
| Annual | $169,710 |
| Annual Per SF | $15.13 |
Property Facts
| Price | $2,750,000 | Property Type | Multifamily |
| Price Per Unit | $211,538 | Property Subtype | Manufactured Housing/Mobile Home |
| Sale Type | Investment | Building Size | 11,220 SF |
| Cap Rate | 6.17% | No. Stories | 2 |
| No. Units | 13 | Year Built | 1965 |
| Zoning | EFU | ||
| Price | $2,750,000 |
| Price Per Unit | $211,538 |
| Sale Type | Investment |
| Cap Rate | 6.17% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Size | 11,220 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Zoning | EFU |
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Property Taxes
| Parcel Number | 00644583 | Total Assessment | $41,999 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $9,631 ($0.86/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
00644583
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$41,999 (2025)
Annual Taxes
$9,631 ($0.86/SF)
Tax Year
2026
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Edmonds Estate | 35070 SE Compton Rd
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