3701 Cherry Ave

<p>Northmarq is pleased to present Allen's Mobile Villa, located in Sutherlin, Oregon.​ The community consists of 74 pads, which includes primarily tenant-owned mobile homes, and is serviced by city utilities.​ The property has in-place space rents averaging $617, indicating significant upside based on nearby comparables.​ The community is priced at $6,000,000, or $81,081 per pad and a 5.61% in-place cap rate based on 2025 financials and a 5.28% cap rate based on stabilized (pro-forma) expenses.​ With barriers to new development and a continued need for affordable housing options, well-located manufactured housing communities like Allen's Mobile Villa are well-positioned to benefit from stable occupancy and long-term rent growth.​</p><p>Sutherlin is strategically located along the I-5 corridor in Southern Oregon, approximately 20 minutes north of Roseburg and just over an hour from Eugene, providing residents with convenient access to larger employment centers, healthcare, and retail amenities while maintaining a more affordable cost of living.​ The region has experienced steady population growth driven by in-migration from higher-cost West Coast markets, supporting continued demand for attainable housing.​</p>

<p>Forest Park Mobile Village is an all-ages manufactured home community located at 18830 S Highway 99E in Oregon City, Oregon, positioned directly along a major thoroughfare between Oregon City and Canby.​ The property consists of 41 manufactured home sites in addition to one single-family house and one studio apartment is 100% occupied and zero park owned homes.​ Nearly 60% of the sites can accommodate multi-section homes.​ There is one undeveloped site.​ Average site rent is currently $841 including water, sewer, and garbage.​ This is well below comparable communities in Oregon City.​ One community in Clackamas County was cited at $1,450 per month net of utilities.​</p><p>The community offers residents a family-friendly living environment with a quiet, country-like atmosphere situated directly across from the scenic Willamette River.​ Residents benefit from convenient access to local schools, recreation, shopping, and entertainment, as well as proximity to the broader amenities of Oregon City.​ As the first state capital and the county seat of Clackamas County, Oregon City is home to diverse commercial centers, historical and cultural attractions, and multiple museums and interpretive centers celebrating the region's pioneer heritage.​</p><p>Forest Park Mobile Village is a well-maintained community featuring paved roads, off-street parking, and pet-friendly policies with community approval.​ The community is served by well and septic systems that the owners have diligently maintained.​ The property's strong occupancy, stable tenant base, and under-market rents position it as an attractive investment opportunity with an opportunity to add value.​</p>

<p>Center View Estates is a unique age-restricted (55+) planned unit development located in Salem, Oregon.​ Developed in 1996 the community is comprised of 22 multi-section manufactured homes on their own individually parceled lots and addresses.​ This sale represents 21 of 22 sites with a right of first offer on the last remaining privately-owned lot.​</p><p>The community is 100% occupied and comprised entirely of tenant-owned homes with lot rents ranging from $825 to $1,045, averaging approximately $874 per month.​ This is a few hundred below comparable communities in the area.​ This presents a large opportunity to an incoming owner to mark-to-market upon turnover.​</p><p>The community is serviced by municipal water and sewer that is serviced by a private utility company included with the sale, Clearwater Source, LLC.​ Current ownership previously applied for and implemented an 89% utility base rate increase seven years ago with continues to generate a net margin of just over $1,000 per month.​</p><p>Center View offers a well-maintained setting with paved interior roadways, generous site layouts, and ample off-street parking with sidewalks.​</p><p>Ideally situated in Salem, the property provides residents with convenient access to nearby retail, medical services, and recreational amenities.​ The location benefits from strong connectivity to major employment drivers and regional transportation corridors, offering a balanced lifestyle that supports long-term resident retention and sustained demand.​</p>

54-Site Manufactured Home Community

12 Spaces in Portland Metro for under $1M! Seller Financing Available!

Stable Cash Flow, Significant Upside