18830 S HIGHWAY 99E - Manufactured Housing/Mobile Housing FOR SALE


Oregon City, OR 97045- Outlying Oregon City
$4,750,000 USD
971-645-2407
18830 S HIGHWAY 99E, Oregon City, OR for Sale
$4,750,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/5
null | 5.71% Cap Rate

18830 S HIGHWAY 99E
Oregon City, OR 97045
Outlying Oregon City


HIGHLIGHTS

  • High-quality asset, well-maintained community
  • Nearly 60% of sites can accomodate multisection homes
  • Very strong market, close proximity to major employers
  • Immediate upside creating near-term growth potential
  • 100% occupied, fully rented with consistent rental income
  • Situated near Portland, positioned directly on major thoroughway Hwy 99E

OVERVIEW

Forest Park Mobile Village is an all-ages manufactured home community located at 18830 S Highway 99E in Oregon City, Oregon, positioned directly along a major thoroughfare between Oregon City and Canby. The property consists of 41 manufactured home sites in addition to one single-family house and one studio apartment is 100% occupied and zero park owned homes. Nearly 60% of the sites can accommodate multi-section homes. There is one undeveloped site. Average site rent is currently $841 including water, sewer, and garbage. This is well below comparable communities in Oregon City. One community in Clackamas County was cited at $1,450 per month net of utilities. The community offers residents a family-friendly living environment with a quiet, country-like atmosphere situated directly across from the scenic Willamette River. Residents benefit from convenient access to local schools, recreation, shopping, and entertainment, as well as proximity to the broader amenities of Oregon City. As the first state capital and the county seat of Clackamas County, Oregon City is home to diverse commercial centers, historical and cultural attractions, and multiple museums and interpretive centers celebrating the region’s pioneer heritage. Forest Park Mobile Village is a well-maintained community featuring paved roads, off-street parking, and pet-friendly policies with community approval. The community is served by well and septic systems that the owners have diligently maintained. The property’s strong occupancy, stable tenant base, and under-market rents position it as an attractive investment opportunity with an opportunity to add value.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$20 USD /SF

# OF UNITS

41

PRICE/UNIT

$115,854

CAP RATE

5.71%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Forest Park Mobile Village

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.51 AC

LAND SF

240,016 SF

ZONING

FU-10

APN/PARCEL ID

00747570

ASK ABOUT THIS PROPERTY

Alexander ChengColliersMore Info
971-645-2407

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Alexander ChengColliersMore Info
971-645-2407

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.