A neat, clean cash generating seven space mobile home park in Tumalo, an attractive suburb of Bend, Oregon. Currently three of the homes are park owned and a fourth manufactured home has been sold on contract which contract is included in the sale of the Park. Grossing over $34,000 a year, there has not been a pad rent increase in the 71/2 years the owner has owned the park. Parks in the Bend area range from $390 to $460 monthly space rent. The capitalization rate is 7.5% and the CASH ON CASH RETURN IS 10.1% as the owner is willing to take owner terms and carry the contract starting at 6% interest only payments. The park is paved, has two irrigation systems with Tumalo irrigation while domestic water is served by Laidlaw water company. There is an on-site septic system with two collection boxes, one being a back up. The on-site manager who owns his doublewide home is willing to continue as the manager of the park. The county has approved seven spaces for the park but the 7th space has never been utilized and just needs an electrical hookup. This space could accommodate a RV or a park model unit thereby further increasing the park income. With owner terms of $125,000 down payment the owner will carry the $209,500 balance at 6% interest only thus generating the 10.1% cash return. Add another unit to the vacant space, increase pad rent closer to market and generate 14% to 15% CASH RETURN!

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