- ADDRESS:
- 8205 SE HARNEY ST Portland, OR 97266
- Price:
- $3,575,000
- Units:
- 26
- Acres:
- 1.55
- Unit 1:
- $850/mo
- Unit 2:
- $850/mo
- Unit 3:
- $850/mo
- Unit 4:
- $850/mo
- Unit 5:
- $850/mo
- Unit 6:
- $850/mo
- Unit 7:
- $850/mo
- Unit 8:
- $850/mo
- Unit 9:
- $850/mo
- Unit 10:
- $850/mo
- Unit 11:
- $850/mo
- Unit 12:
- $850/mo
- Unit 13:
- $850/mo
- Unit 14:
- $850/mo
- Unit 15:
- $850/mo
- Unit 16:
- $850/mo
- Unit 17:
- $850/mo
- Unit 18:
- $850/mo
- Unit 19:
- $850/mo
- Unit 20:
- $850/mo
- Unit 21:
- $850/mo
- Unit 22:
- $850/mo
- Unit 23:
- $850/mo
- Unit 24:
- $850/mo
- Unit 25:
- $850/mo
- Unit 26:
- $850/mo
- MLS#:
- 557283272
- Lot Size:
- 1 to 2.99 Acres
- Type:
- Multi
- Zone:
- R7
- Yr Built:
- 1970
- Taxe/yr:
- $6,380.91
- County:
- Multnomah
- Status:
- Active
- Levels:
- 1
- Heat:
- Other
- View:
- Creek/Stream
- Elem:
- Whitman
- Middle:
- Lane
- High:
- Cleveland
- Lot Desc:
- Corner Lot, Level, Stream, Trees
- Area:
- Portland Southeast
- Courtesy of:
- Columbia Equity Advisors
- Remarks:
- Presenting a rare opportunity to acquire three value-add mobile home/RV parks in prime Portland metro locations: (1) 8205 SE Harney St, Portland, OR, (2) 8460 SE Clatsop St, Happy Valley, OR, & (3) 4720 NE 110th Ave, Portland, OR. Each park is connected to city water and sewer, with the ability to bill back utilities. Current rents are significantly below market, offering immediate upside through rent adjustments. Properties are valued at 75% occupancy, creating a strong path to boost NOI by filling vacancies.With several low-income housing incentives available, and located in a metro of over 2.5 million residents, these parks offer resilient cash flow and major long-term potential. Don’t miss out on this rare portfolio with both stability and growth ahead!Investment Highlights-ABILITY TO BILL BACK UTILITIES-RENTS ARE UNDER MARKET-VALUED AT 75% OCCUPANCY-LOCATION: PORTLAND METRO AREA - POPULATION 2.5 MILLION-STABILIZED VALUE - $5,735,000