Sacajawea Mobile Home Park
No. Spaces: 42
Property Type: Family Park
Cap Rate: 10.70%
Net Operating Income: $194,756
Lot Size: 5.46 Acres
~IN CONTRACT AS OF May 24th, 2017~Sacajawea Mobile Home Park is a 42-space family community located in La Grande, Oregon and covers approximately 5.46 acres. The park operates on Public Sewer/ On-site Well and consists of primarily singlewide homes with 2 RV tenants that have been residents for over 7 years. There is also a 4 bedroom/2 Bath (2,000 sq. ft.) single family home that rents for $1,100/month on site.
There is also a 4 bedroom/2 Bath (2,000 sq. ft.) single family home that rents for $1,100/month on site. Property includes 16 park owned homes that are rented out between $525-$975/month with a total assessed value of approximately $391,000. Purchase price also includes two sales contracts.
Per the 2010 census the population in La Grande was 13,082. Interstate 84 is the main freeway through La Grande which links the city with other nearby cities in the area (Pendleton, Baker City), as well as Boise, Idaho, Ontario and Umatilla, and Spokane and the Tri-Cities area of Washington.
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