The Hines RV & Mobile Home Park is located in South Eastern Oregon by Hines & Burns. The park has 43 spaces of which 13 are used for permanent and day use RV spots that rent for $395/month or $40/night. There are 15 manufactured homes owned by the seller which 13 of them are rented for $400 to $600 per month. The owner is absentee and has one manufactured home for personal use which could rent for an additional $750/month. The frame built office/house is currently being remodeled and could be rented for an additional $1,000/month. The tenant owned home spaces are renting for $260/month. All homes are on city water & sewer which are included in the rent. This park has a good cap rate with potential for growth & immediate cash flow.
ADDRESS: 1301 Hwy 20 South, Hines Oregon
ACREAGE: 8.82 acres
SPACES: 43 total spaces which include 30 Mobile Homes & 13 RV Spaces
UTILITIE...
UTILITIES: City sewer & domestic water, there is a well for irrigation
TAXES: $9,614.53 (2019-2020)
CAP RATE: 5.98% (lots of potential to increase cap rate)
IMPROVEMENTS:
- 1,400 sq.ft., 4 bdrm, 1 full, 1 , 1 baths frame built house from 1965 plus attached two car garage
- 14 singlewide manufactured homes
- Bathroom & Laundry Facility
- Please see attached list of the homes in the park
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