Vista Del Rio 17401 SE 39th St

Colliers, as the sole and exclusive agent, is pleased to offer the opportunity to acquire Vista Del Rio, a meticulously maintained Class A manufactured home community located in Vancouver, Washington.
This thriving senior housing (55+) community is comprised of 213 sites, each featuring a double-wide or larger tenant-owned home, and impressive amenities, including a clubhouse, pool, garden, RV and boat storage, and lush green walkways throughout. The community is connected to the city sewer system, receives water from three private wells, and benefits from a resurfacing project that will be completed this year.
Vista Del Rio is strategically located in one of the fastest growing submarkets of the Portland MSA, which has a population of over 2.5 million people and median home values that exceed $612,000. Situated just ten miles east of the new Vancouver Waterfront development, the property is well positioned to benefit from the $1.5 billion construction investment, of which $1 billion has already been delivered or is underway.
On-site average rents are just over $700 per month, which includes water and sewer. Comparable communities charge well over $1,000 per month, net of utilities. Current ownership seeks to close the sale in April 2025, thus allowing for an additional effective rent increase to be passed through and made effective for January 2025.