Red Fir Multi-Family Development | 51395 Preble Way
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Red Fir Multi-Family Development 51395 Preble Way
14 Unit Mobile Home Park $5,051,601 CAD ($360,829 CAD/Unit) 6.50% Cap Rate La Pine, OR 97739
Investment Highlights
- 100% Leased at or very near market rates.
- Great location in up and coming La Pine near restaurants and grocery stores.
- Newer 3 bedroom, 2 bath manufactured homes with individual parking and storage sheds.
Executive Summary
The site is improved with a 14 unit multi family development constructed in 2021 and is made up of 14 - three bedroom, two bathroom permanently affixed manufactured homes. This income producing development is located in Central Oregon in the up and coming town of La Pine. It's close to Sunriver, Bend and all the outdoor adventures that draw people to Central Oregon.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,051,601 CAD | Apartment Style | Single Family Home |
| Price Per Unit | $360,829 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.44 AC |
| Cap Rate | 6.50% | Building Size | 13,860 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $5,051,601 CAD |
| Price Per Unit | $360,829 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Sale Conditions | 1031 Exchange |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 1.44 AC |
| Building Size | 13,860 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2021 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 14 | $2,445 CAD | 990 |
zoning
| Zoning Code | CRMX (COMMERCIAL/RESIDENTIAL MIXED USE) |
| CRMX (COMMERCIAL/RESIDENTIAL MIXED USE) |
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Red Fir Multi-Family Development | 51395 Preble Way
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