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.
Attributen
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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](https://res.cloudinary.com/jll-global-cmg/image/upload/w_1920,q_auto/ar_1.7777777777777777,c_crop/w_1100,q_auto,c_scale/v1716240898/Prod/DealX/Img/ed763a4c-e57b-4f7b-899e-d08df31727f0.jpg)
![Hillcrest Mobile Home Park 4_Pand te koop](https://res.cloudinary.com/jll-global-cmg/image/upload/w_1920,q_auto/ar_1.7777777777777777,c_crop/w_1100,q_auto,c_scale/v1716235211/Prod/DealX/Img/945cadcd-ae83-40c3-abae-4815116afd41.jpg)
Contact adviseurs
![Hillcrest Mobile Home Park 5_Pand te koop](https://res.cloudinary.com/jll-global-cmg/image/upload/w_1920,q_auto/ar_1.7777777777777777,c_crop/w_1808,q_auto,c_scale/v1716235379/Prod/DealX/Img/cf294fc9-5244-4b8d-9cf8-7f3b2678e987.jpg)