17401 39th St 132 Vancouver, WA 98683

Vista Del Rio is a meticulously maintained, 213-site Class A manufactured home community situated on 33.83 acres in Vancouver, Washington (APN: 126772-000, 126783-000, 126786-000, 126789-000, 126839-000). This thriving 55+ senior community boasts a 100% occupancy rate and features double-wide and larger tenant-owned homes. Residents enjoy a wealth of amenities including a clubhouse, swimming pool, garden, RV and boat storage, and beautifully landscaped walkways. The property is serviced by three private wells and the city sewer system. A recent resurfacing project is nearing completion. Located at 17401 SE 39th St, Vancouver, WA 98683, Vista Del Rio benefits from its strategic location in a rapidly growing submarket of the Portland MSA, a region with a population exceeding 2.5 million and median home values over $612,000. Its proximity to the Vancouver Waterfront development (ten miles east), a $1.5 billion construction project, further enhances its investment potential. Average monthly rent is slightly over $700, inclusive of water and sewer, significantly below market rates exceeding $1,000 (net of utilities) in comparable communities. A planned rent increase will be effective January 2025, with a targeted closing date of April 2025.