Equity Pacific is pleased to announce the sale of the Fir Haven Mobile Home Park located at 17007 SE Stark Street in Portland, Oregon. Fir Haven sold for $2,295,000 ($45,900 per unit).
Built in 1945 this investment property comprises forty two (42) mobile home pads, six (6) park owned mobile homes and eight (8) apartments. The site is approximately 2.43 acres, and has city water, city sewer, cable TV, and electricity. There are mature evergreen trees throughout, providing a park like setting. On-site laundry and parking is also available to tenants.
Equity Pacific conducted an in-depth rent analysis for mobile home properties and apartments in the area and determined the park to be a solid investment property with strong future rent upside.
Jason Waxberg represented the buyer to the transaction.
17007 SE Stark Street | Portland, Oregon 97233