Map of Property

Hope Street Mobile Home Park

For Sale

1604 Hope Street, Klamath Falls, OR 97603

This Klamath Falls property for sale is located at 1604 Hope Street. The current listed sale price for Hope Street Mobile Home Park is $1,200,000. Hope Street Mobile Home Park is situated on a lot that is 1.35 acre in size.

Contacts

broker
Mike Grivas

Delta Group

Property Details

  • Property Type Multi-Family
  • Units 13
  • Lot Size 1.35 Acre
  • Additional Rent Contact for pricing
  • Date Updated Dec 5, 2024
Advantageously located just 20 miles north of the California border with 300 days of sun each year! Klamath Falls is the biggest city in the County, with over 20,000 people. Homes are flying off the shelf in Klamath Falls due to a very high demand for housing.Hope St. MHP is a perfect value-add opportunity on the West Coast. Advantage of being close to California without having to deal with California laws/taxes. Interior of all POH's have been remodeled recently. Park has several newer homes with 1200+ SF. Rent roll available upon request.
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Highlights

  • -13 lots with 12 homes (1 vacant lot)
  • -10 homes are park owned, 2 are tenant owned.
  • -1 vacant pad already has utilities in place
  • -Plenty of "meat on the bone" from a value-add perspective
  • -Actual gross income in 2020 was $113,696. NOI for 2020 was $74,427.
  • -City utilities
  • -Gross income of $141,216 on track for 2021
  • -Several lots under market rents. Utility cost accounts for $12,000 in expenses. Billing back tenants could significantly increase NOI.
  • -2021 pro-forma NOI is $91,790 at 35% expenses with current vacancy
  • -Seller financing available with significant cash down payment, and qualified, credit-worthy buyer.

Getting around

  • 40/100

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  • 22/100

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  • 37/100

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Location

  • City Klamath Falls, OR
  • Neighborhood Altamont
  • Zip Code 97603

Points of Interest

  • Klamath Falls

    2.16 miles

  • Towne Pump

    0.59 miles

  • Chevron

    0.95 miles

  • Fuel Commander Cardlock

    0.99 miles

  • Tesla Supercharger

    1.24 miles

  • Fred Meyer Gas Station

    1.26 miles

  • Shell

    1.32 miles

  • Fireball

    1.67 miles

  • 76

    1.80 miles

  • Gulf express

    3.46 miles

  • Wiard Junction Trailhead

    0.96 miles

  • OC&E Trail - Crosby Trailhead

    1.14 miles

  • OC&E Trail - Route 39 Trailhead

    2.41 miles

  • Parking Lot A

    3.78 miles

  • Parking Lot B

    3.84 miles

  • Parking Lot D

    3.87 miles

  • Campus Saftey Parking

    3.88 miles

  • Parking Lot L

    3.93 miles

  • Parking Lot M

    3.97 miles

  • Parking Lot N

    4.01 miles

  • Quality Inn

    0.63 miles

  • Motel 6 Klamath Falls

    0.69 miles

  • Townhouse Motel

    0.71 miles

  • Majestic Inn & Suites

    0.81 miles

  • Days Inn Klamath Falls

    0.87 miles

  • Cimarron Inn Klamath Falls

    1.08 miles

  • Best Western Plus Olympic Inn

    1.26 miles

  • Golden West Motel

    1.37 miles

  • Holiday Inn Express & Suites Klamath Falls Central

    1.40 miles

  • Holiday Inn Express & Suites

    1.40 miles

  • Grocery Outlet

    0.54 miles

  • Sears

    0.55 miles

  • Big Lots

    0.78 miles

  • Klamath Falls Town Center

    1.11 miles

  • Sherm's Thunderbird Discount Market

    1.12 miles

  • Ross

    1.21 miles

  • Fred Meyer

    1.22 miles

  • Natural Grocers

    1.27 miles

  • TJ Maxx

    1.29 miles

  • Bi-Mart

    1.38 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Mike Grivas

Delta Group