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Hines Rv & Mobile Home Park

1301 Hwy 20 South : Hines, OR 97738

Harney County, Oregon

7.82 Acres
$1,400,000 USD
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Lot Description

The Hines RV & Mobile Home Park is located in South Eastern Oregon by Hines & Burns. The park has 43 spaces of which 13 are used for permanent and day use RV spots that rent for $395/Month or $40 ight. There are 15 manufactured homes owned by the seller which 13 of them are rented for $400 to $600 per month. The owner is absentee and has one manufactured home for personal use which could rent for an additional $750/Month. The frame built office/house is currently being remodeled and could be rented for an additional $1,000/Month. The tenant owned home spaces are renting for $260/Month. All homes are on city water & sewer which are included in the rent. This park has a good cap rate with potential for growth & immediate cash flow.

ADDRESS 1301 Hwy 20 South, Hines Oregon

ACREAGE 8.82 acres

SPACES 43 total spaces which include 30 Mobile Homes & 13 RV Spaces

UTILITIES City sewer & domestic water, there is a well for irrigation

Taxes $9,614.53 2019-2020 Cap Rate 5.98 lots of potential to increase cap rate Improvements - 1,400 sq.ft., 4 bdrm, 1 - full, 1 -, 1 - baths frame built house from 1965 plus attached two car garage

- 14 singlewide manufactured homes

- Bathroom & Laundry Facility

- Please see attached list of the homes in the park

More Lot Details

LOTFLIP ID
231457
MLS / Other ID
36102-12483
Posted on LOTFLIP
138 Days Ago
Last Updated
19 Days Ago
Views
83
Saves
1
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