Bought with Non Rmls Broker
$1,500,000
$1,600,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/01/2023
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 23050661
Sold Date 12/01/23
Year Built 1970
Annual Tax Amount $9,762
Tax Year 2022
Property Description
Discover South Fork Mobile Park community situated at the foothills of the Cascades. Boasting a Gross Rent Multiplier of 4.78, this property generates nearly $30,000 in monthly income. With an 8.7% Cap Rate based on Actual 2023 Income & Expenses, there's plenty of opportunity to increase returns further through RUBS implementation. Under the current ownership, South Fork Mobile Park has undergone significant improvements to benefit both residents and the wider community.
Location
State OR
County Linn
Area _221
Zoning C2
Interior
Heating Other
Exterior
View Y/N false
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Foster
Middle Schools Sweet Home
High Schools Sweet Home
Others
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
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