SOLD | 3224 Highway 20, Sweet Home, OR 97386

Details
Price$1,500,000
Spaces34
Acres3.94
Tax Lots2
map
  • 32 Mobile Homes & 2 Single Family Homes
  • Centrally located in up and coming Sweet Home, Oregon
  • Potential for additional park spaces upon variance
  • New sewer lines, backflow system and natural gas lines on site
  • Improving tenant base
  • Park owned storage included providing added income potential
  • Potential for future R1/R2 zoning

Discover South Fork Mobile Park, a charming community situated at the foothills of the Cascades. Boasting a Gross Rent Multiplier of 4.46, this property generates nearly $30,000 in monthly income. With an 8.05% Cap Rate based on Actual 2023 Income & Expenses, there’s plenty of opportunity to increase returns further through RUBS implementation. Under the current ownership, South Fork Mobile Park has undergone significant improvements to benefit both residents and the wider community. All homes are Park Owned & pre-1980 construction, except 1. Non-conforming standards for Conventional financing. 2 homes are stick built, 32 are mobiles. 17 units come with additional storage.

SMI Real Estate Jordan Sparks Broker, Licensed in the State of Oregon represented the Seller in this transaction. Buyer is a Licensed Real Estate Broker in the State of Oregon.

Jordan’s Other Properties