35070 SE Compton Rd - Manufactured Housing/Mobile Housing FOR SALE


Boring, OR 97009
$2,750,000 USD
503-222-0282
35070 SE Compton Rd, Boring, OR for Sale
$2,750,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/61
null | 6.17% Cap Rate

35070 SE Compton Rd
Boring, OR 97009


HIGHLIGHTS

  • Immediate Cash Flow with Huge Upside: Currently generating substantial monthly revenue with significant potential to increase NOI
  • Strategic Location & Favorable Zoning: Located in a stable rural corridor with EFU zoning and an established water district already in place
  • Major Modernization Opportunity: The 1965-built, 5,320 SF manor is a prime candidate for a high-end renovation

OVERVIEW

Rare income-producing estate on 9.96 acres + adjoining 2.34 acre parcel with huge live-and-earn, multi-generational and investment potential. On the property are multiple income streams projected to exceed $20,500 per month from the 3,200 SF shop, 11 manufactured/mobile homes, 5 resident storage bays, barn and large 5,320 SF dual-living residence. This unique property offers massive upside in updating the vacant residence and improving the existing infrastructure. The manor residence features dual-living potential with the main level offering 3 spacious bedrooms, 2 full baths, large kitchen and dedicated office. Lower level has an additional 2 bedrooms, 1 bath, full kitchen and ample living/flex space. Projected rents are at $20,500 per month with a pro-forma CAP of 6.17%. Financials available upon request.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$245 USD /SF

# OF UNITS

13

PRICE/UNIT

$211,538

CAP RATE

6.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Edmonds Estate

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

EFU

APN/PARCEL ID

00644583

ASK ABOUT THIS PROPERTY

Cory CarlsonConstant Commercial Real Estate IncMore Info
503-222-0282

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

Cory CarlsonConstant Commercial Real Estate IncMore Info
503-222-0282

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