9 SW Quincy Ct
Cascade Locks, OR 97014
Multifamily Property For Sale · 65,800 SF

Locks Mobile Estates is a 47 space family community built in 1974 located on Interstate 84 in Cascade Locks, Oregon (40-minute drive from Portland). Property covers 13.43 acres and is serviced by Public Water & Sewer. Mobile home Rents currently range $450-$510 with tenants responsible for Garbage & Electric (Rent includes Water & Sewer). Nearby properties Rents range from $550-$590 with Tenants Paying all utilities; with effective rents averaging $650/month. There are 30 occupied Tenant owned mobile spaces and 17 open mobile pads. Potential upside includes submetering the water & sewer usage so that Tenants reimburse utility expenses monthly as well as filling the vacant pads. Property also features gated storage area that is used for tenant’s excess vehicle and RV storage that currently produces approx. $120/month additional income. The Owner is also including an extra parcel behind the park that includes a stand of marketable timber, Seller profited $100,000 from the sale of timber approx. 20 years ago. Cascade Locks is a quaint town located along the Columbia River about 15 miles from Troutdale, Oregon and 40 miles from Portland via Interstate 84 and lies in Hood River County. In August of 2018 Amazon hired more than 1,500 jobs at its new $180 million warehouse in Troutdale, OR.