7475 Alderbrook Rd Tillamook, OR 97141

Property Details for 7475 Alderbrook Rd

Year built

1955

Lot size

1.78 lot acres

Property size

10 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a well-established, family-run mobile home park in Tillamook, Oregon, operating for over 50 years. Nestled beside the Alderbrook golf course, the park boasts scenic views and convenient access to abundant outdoor recreation, including fishing, hunting, and hiking. The 1.78-acre property currently features 27 spaces, with seven available for new homes, offering immediate expansion potential. Factory-built homes are readily available, with park models starting at $49,000 and single-wides at $59,000. Infrastructure includes 13 septic systems (9 tanks and 2 fields recently replaced, with plans to update the remaining 2), a mix of overhead and underground electrical service, and black poly and white PVC water pipes. A recently painted wash house and shed, with a new roof installed this summer, add to the property's appeal. Individual electricity meters serve most spaces (four exceptions). Current rents range from $350 to $625 (without electricity) and $725 (with electricity included, paid by the park owner), with new tenants starting at $625. The park demonstrates positive cash flow and significant room for increased profitability through expansion or operational enhancements. An open area currently used for family visits offers additional potential uses. Seller financing may be considered with a suitable offer. Three adjacent lots with double-wide homes are also available for purchase, presenting an opportunity to expand the investment portfolio. This is a turnkey operation with strong potential for immediate returns and long-term growth.

Location Insight

City

Tillamook

County

Tillamook

State

Oregon

Longitude

-123.865

Latitude

45.5094