334 E 5th AVE Riddle, OR97469

$1,320,000
27 total units
$182,640 annual income
Capitilization Rate: 7.45
1 to 2.99 Acres
Elementary School: Riddle
High School: Riddle
Zoning: UZ
1337 days on market
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Price per unit$48.9K/unit
Price per acre$1.32M/ac
Time on market1337 days

Property Description

ATTENTION INVESTORS! Here is your opportunity to own a desirable recession proof asset. Old Hotel Mobile Home Park has a long history of high occupancy and long term renters. A manager is on site and vacancy or delinquent rent is a rare occurrence. The property is in excellent physical condition most all of the water and sewer lines being replaced. The current owner paid approx. $80k for new paving. The park is comprised of 27 park spaces and three stick built homes. Don't miss out on this one!

{{ compliance-logo }}Listing Provided By Columbia Equity Advisors

Financial Data

Date Sold2021-01-29
Sold Price$1,320,000
Original Price$1,400,000
Current Price$1,320,000
Property Taxes$4,900

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Home Facts

StatusSold
Year Built1970
Stories1
Green/Energy SupplementNo
MLS ID20505312

Unit Details

Unit 1
Unit 2
Unit 3
Unit 4
Unit 5