TWO PARKS | 78 CUMULATIVE SPACES IN TILLAMOOK 3370 Gienger Rd
78 Unit Mobile Home Park $6,900,000 ($88,462/Unit) 6.50% Cap Rate Tillamook, OR 97141
EXECUTIVE SUMMARY
Two Mobile Home Park Communities: Trask River Mobile Home Park, Featuring 66
Spaces and Tillamook River Mobile Home Park, Featuring 12 Spaces, located within
1.5 Miles from one another in Tillamook County Oregon. Combined 8.75 Acres.
Average 94% Occupied. $448,969+/- Cumulative NOI, based on 2024 P&Ls.
Spaces and Tillamook River Mobile Home Park, Featuring 12 Spaces, located within
1.5 Miles from one another in Tillamook County Oregon. Combined 8.75 Acres.
Average 94% Occupied. $448,969+/- Cumulative NOI, based on 2024 P&Ls.
PROPERTY FACTS
| Price | $6,900,000 |
| Price Per Unit | $88,462 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 78 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 8.75 AC |
| Building Size | 65,000 SF |
| Average Occupancy | 94% |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2003 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 78 | - | - |
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PROPERTY TAXES
| Parcel Number | R0189441 | Improvements Assessment | $0 |
| Land Assessment | $10,611 | Total Assessment | $10,611 |
ZONING
| Zoning Code | RR-2 |
