3391 Avalon Dr - Manufactured Housing/Mobile Housing FOR SALE


Hood River, OR 97031
$799,000 USD
541-436-4400
3391 Avalon Dr, Hood River, OR for Sale
$799,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/13
null | 4.5% Cap Rate

3391 Avalon Dr
Hood River, OR 97031


HIGHLIGHTS

  • Located in Hood River Oregon
  • Opportunity for development
  • 1.31 acres

OVERVIEW

Infill development opportunity in a quiet Hood River neighborhood. Located out of the fray, but with easy access to all the amenities of town, this unique parcel offers over an acre of level land with approximately 495' of frontage on Avalon Drive. With the generous frontage and municipal utilities in the road, preparing this property for development will be relatively cost effective. Currently operated as a mobile home park, the property hosts 7 manufactured homes; 3 owned by the seller and included in the property sale, and 4 tenant owned. With gross monthly rents totaling $3247, the current use makes a nice placeholder as you craft your development plans. Zoned UR1 and located just outside the city limits in the urban growth boundary, this property is ready for its next era. With annexation into the city, R1 zone density appears to allow up to 7 single family home lots, while much greater density could likely be achieved under the Middle Housing Ordinance. Buyer to do their own due diligence regarding development. Developable property with significant current income is a rarity in the Hood River market. Take a close look at this one!

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$190 USD /SF

# OF UNITS

7

PRICE/UNIT

$114,143

CAP RATE

4.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3391 Avalon Dr

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

U-R-1

APN/PARCEL ID

03N-10E-35-DC-01900-618.00

ASK ABOUT THIS PROPERTY

Anthony LeiterRe/Max River CityMore Info
541-436-4400

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Anthony LeiterRe/Max River CityMore Info
541-436-4400

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