ATTENTION INVESTORS! Here is your opportunity to own a desirable recession proof asset. Old Hotel Mobile Home Park has a long history of high occupancy and long term renters. A manager is on site and vacancy or delinquent rent is a rare occurrence. The property is in excellent physical condition most all of the water and sewer lines being replaced. The current owner paid approx. $80k for new paving. The park is comprised of 27 park spaces and three stick built homes. Don't miss out on this one!
Off market
$11,042
334 E 5th Ave APT 5, Riddle, OR 97469
--beds
0baths
630sqft
MultiFamily
Built in 1970
-- sqft lot
$-- Zestimate®
$18/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Electric
Interior area
- Total interior livable area: 630 sqft
Property
Features
- Has view: Yes
- View description: Mountain
Lot
- Size: 1.80 Acres
- Features: Level, Views, 1 to 2.99 Acres
Details
- Parcel number: M88674
- Zoning: UZ
Construction
Type & style
- Home type: MultiFamily
Materials
- Foundation: Other
- Roof: Other
Condition
- Approximately
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Riddle
HOA & financial
Other financial information
- Total actual rent: 3570
Other
Other facts
- ViewYN: true
- Sewer: Public Sewer
- WaterSource: Public
- RoadSurfaceType: Paved
- HeatingYN: true
- Utilities: Electricity Connected
- Heating: Floor Furnace
- NumberOfUnitsTotal: 27
- LotFeatures: Level, Views, 1 to 2.99 Acres
- LeaseTerm: Month To Month
- FarmLandAreaUnits: Square Feet
- RentIncludes: Water, Sewer, Trash Collection, Maintenance Grounds
- Zoning: UZ
- ParkingFeatures: Paved
- Appliances: Electric Water Heater
- View: Mountain(s)
- CapRate: 7.45
- TotalActualRent: 3570
- MlsStatus: Pending
- PropertyCondition: Approximately
- GrossIncome: 182640
- NetOperatingIncome: 104340
- OperatingExpense: 78300
- TaxAnnualAmount: 4900.00
- Road surface type: Paved