MOBILE HOME & MULTI-FAMILY INVESTMENT
17007 SE Stark Street, Portland, Oregon 97030
LISTED BY: JASON WAXBERG
Available is the Fir Haven Mobile Home Park located at 17007 SE Stark Street in Portland, Oregon, for $3,995,000. This offering is a 6.45% cap rate on current net income. Fir Haven MHP is a stabilized asset with upside leading to a realistic 7.04% cap rate within 12 months, and presents investors with an excellent opportunity to acquire a well maintained, historically strong performing mobile home park investment in an extremely tight market with limited mobile home park investment availability.
Built in 1945 according to County records, this investment property comprises forty six (46) Mobile Home / RV pads and eight (8) apartments. The site is approximately 2.43 acres, and is connected to public water and sewer systems. There are mature evergreen trees throughout, providing a park like setting. Fir Haven is situated in a mixed residential and commercial neighborhood and is on the city bus line and close to shopping.