Property Description

Harbor Hills Mobile Home Park | Coastal Oregon | 7.08% In-Place Cap Rate | Harbor Hills Mobile Home Park is a stabilized 55+ manufactured home community located along the southern Oregon coast, offering durable in-place income, coastal influence, and multiple on-site amenities. The property consists of 28 spaces, primarily tenant-owned homes paying space rent, with additional income from storage and parking. The park is currently operating at an in-place cap rate of approximately 7.08%, based on current rents and conservative operating expenses. Amenities include a basketball court, pickleball court, and a secured laundry facility featuring locking doors and coin-operated washers and dryers, providing an additional on-site amenity for tenants and operational income for ownership. Utilities are serviced by public water and a private septic system, allowing for operational control and predictable expense management. Included in the sale is a large 3-bedroom, 1-bathroom primary residence, a large warehouse/shop, and three additional MH units, offering flexibility for owner occupancy, rental income, or operational use depending on buyer strategy. The coastal setting provides ocean views from portions of the property, supporting long-term tenant demand in a supply-constrained market. The asset also presents upside upon full park and rent optimization within Oregon regulations. This offering is well suited for investors seeking stable yield, tangible assets, and future upside in a coastal market with limited manufactured housing inventory. Offered for investment consideration. Financials and offering memorandum available upon request. Buyer to verify all information during due diligence.