Hillcrest Mobile Home Park_Pand te koop
Hillcrest Mobile Home Park_Pand te koop
23 NW Depot Rd, Madras, OR, 97741-9201, US

Hillcrest Mobile Home Park

Objectomschrijving

JLL, as the exclusive advisor, is pleased to present the opportunity to acquire Hillcrest Mobile Home Park (the “Property”), a 100% occupied, 62-unit manufactured housing and RV community situated on a 7.14-acre parcel in Madras, Oregon. The offering consists of a community with 62 pads, including 49 manufactured home sites, 11 RV sites, and 2 single-family homes. The Property is conveniently located alongside HWY 97, the primary north/south arterial connecting Madras to the greater Central Oregon area. The Property provides much-needed workforce housing, offering residents a plethora of nearby recreation options while being situated among everyday necessities.


The Property has demonstrated stabile occupancy and year-over-year rent growth. With the lack of new supply, and increased in-migration, the Property is well positioned for significant rent upside. Based on comparable market rents, near-term rent growth is accelerating due to the limited new supply resulting from challenges in obtaining the proper zoning and necessary entitlements for similar housing communities.

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Attributen

Vraagprijs
€ 3.446.000
Bezettingspercentage
100%
Aantal eenheden
62 eenheden
Bruto landoppervlakte
2,89 ha
Parcel
10883
Bestemming
Industrial (I)

Media

Investeringskenmerken

  • Significant growth in Central Oregon
  • Attractive alternative asset class
  • Upside in excess developable land
  • Access to amenities and lifestyle destinations
  • High demand for affordable housing
Hillcrest Mobile Home Park 4_Pand te koop
Hillcrest Mobile Home Park 4_Pand te koop

Contact adviseurs

Hillcrest Mobile Home Park (0 Eigendommen)
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Laatst bijgewerkt
May 31, 2024