La Pine Mobile Home Park
This is a rare public-offered Central Oregon mobile home park in the area's fastest-growing city. This 14-unit 13-pad park includes a stick-built home with a small studio. The park includes one mobile home (#6), and the balance of tenant-owned units (no sub-leased units). Many of the units were remodeled by the Sellers, and every units exterior was painted in 2022. The majority of rents were raised by 9.9% on November 1st, 2023. Ground leases and Park-owned units include water, sewer, snow plowing(if needed), common area landscaping, and garbage.
The park is on city services for ownership's convenience, and the public sewer system at the property is holding tanks, which are then pumped by the city when requested. The commercial/residential mix-use zoning allows for a variety of uses for alternative development in this fantastic location in the heart of La Pine's commercial center. Futur...
The park is on city services for ownership's convenience, and the public sewer system at the property is holding tanks, which are then pumped by the city when requested. The commercial/residential mix-use zoning allows for a variety of uses for alternative development in this fantastic location in the heart of La Pine's commercial center. Future development in the neighborhood includes Starbucks, AutoZone, and Walgreens. This park is within walking distance of almost all essential services and amenities in La Pine, making it a very convenient location for tenants. There is little common ground for ownership/management to maintain, keeping landscaping costs low. Since 2022, all the park units have had new exterior paint, and road maintenance was completed in 2023. Current owners have rehabbed and sold what were once park-owned units to tenants to improve the park's character. The park currently operates very efficiently with off-site management.
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