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- LoopNet Team
42280 Lois Loop
Astoria, OR 97103
Knappa Village Mobile Home Park · Land For Sale
·
4.50 AC
Investment Highlights
- Value add opportunity
- Very clean and well maintained park
- Opportunity to increase value and income by bringing in homes
- Below market rents
Property Facts
| Property Type | Land | Proposed Use | Manufactured Homes or Mobile Home Park |
| Property Subtype | Commercial | Total Lot Size | 4.50 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Manufactured Homes or Mobile Home Park |
| Total Lot Size | 4.50 AC |
Description
JDS Real Estate Services, Inc. and MHP Brokerage are pleased to exclusively market the Knappa Village Mobile Home Park in Astoria, OR. Knappa Village MHP is currently a 30 lot park with 23 occupied pads. The park is zoned for 40 units which provide the opportunity for expansion with an additional 10 lots to be developed. The park is on city water and has a septic sewer system. Each time the owner has moved a new home in he has replaced the septic lines beneath the homes, about 50% of the septic lines have been replaced. The park has no known deferred maintenance. The owner would like to seller finance the park with the following terms: - $1,650,000 purchase price - 10-year term and Interest only for the term - 4.25% interest - Balloon payment at 10 years
Property Taxes
| Parcel Number | 19605 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $18,245 |
Property Taxes
