Mobile Home Park Details
- Cap Rate: 10.3%
- Listing ID: 13072
- Posted On: Jun 2, 2010
- Updated On: Oct 12, 2010
Description
Property Description:
This offering represents a very stable, high cash flow investment opportunity. Shady Elms is being offered at a current actual 10.3% market rate of capitalization even while including an 8.9% vacancy reserve and on-site management costs. There is significant upside potential in eliminating waste through the sub-metering of the water/sewer utility.
Location
Location Description:
Shady Elms is conveniently located across the street from Mallard' s Market and just three blocks from Beck Kiwanis Park at the high traffic intersection of Ontario-Olds Ferry Highway & NW 8th St. The ideal location of this asset will continue to ensure low tenant turn over as evidenced by the properties 10 year retention of over 70% of the current tenants. Ontario is located approximately 56 miles from Down Town Boise and its retailers benefit greatly from Oregon' s zero sales tax policy and close proximity to Idaho. The local economy enjoys a diversity of well paying employers like Holy Rosary Medical Center and Acute Care Hospital, Snake River Correctional Institution, Treasure Valley Community College and Ore-Ida.
Real Estate Broker Specializing in the Sale of Mobile Home Parks throughout the Northwest
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 41 |
| Total Occupancy: | 82.0 % |
| Average MH Lot Rent: | $235 |