NOT LISTED FOR SALE

3224 Highway 20 Sweethome, OR 97386

79 Beds
34 Baths
-- Sq Ft
3.94 Acres

Last Sold December 01, 2023

Last sale price $1,500,000

167 Days on Market

About This Home

As of December 2023

Discover South Fork Mobile Park, a charming community situated at the foothills of the Cascades. Boasting a Gross Rent Multiplier of 4.46, this property generates nearly $30,000 in monthly income. With an 8.05% Cap Rate based on YOY Expenses & CURRENT rents, there's plenty of opportunity to increase returns further through RUBS implementation. Under the current ownership, South Fork Mobile Park has undergone significant improvements to benefit both residents and the wider community.

Last Agent to Sell the Property

Jordan Sparks

SMI REAL ESTATE License #200610098 Listed on: 03/22/2023

SMI REAL ESTATE

Last Buyer's Agent

Cody Freshour

PEAK MANAGEMENT LLC License #201217852

PEAK MANAGEMENT LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,148

Lot Details

  • 3.94 Acre Lot

Bedrooms and Bathrooms

  • 79 Bedrooms
  • 34 Bathrooms

Schools

  • Foster Elementary School
  • Sweet Home Middle School
  • Sweet Home High School

Community Details

  • 34 Units
  • South Fork Mobile Park Community

Listing and Financial Details

  • Exclusions: Tenant Personal Property

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,148

Lot Details

0

Listing Details

  • Class: Multi Family
  • Type: Multi- (5+)
  • Syndicated Remarks: Discover South Fork Mobile Park, a charming community situated at the foothills of the Cascades. Boasting a Gross Rent Multiplier of 4.46, this property generates nearly $30,000 in monthly income. With an 8.05% Cap Rate based on YOY Expenses & CURRENT rents, there's plenty of opportunity to increase returns further through RUBS implementation. Under the current ownership, South Fork Mobile Park has undergone significant improvements to benefit both residents and the wider community.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Exclusions: Tenant Personal Property
  • Total Bathrooms: 34
  • Total Bedrooms: 79

Utilities

  • Water: City

Lot Info

  • Acres: 3.94
  • Estimated Lot Sq Ft: 171626
  • Property Name: South Fork Mobile Park
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 22-23
  • Tax Amount: 15148

Multi Family

  • Number Of Units: 34

MLS Schools

  • HighSchool: Sweet Home
  • Middle School: Sweet Home
  • Elementary School: Foster

Range of Values:

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2023 12/01/23 Sold $1,500,000 -6.3% --
07/14/2023 07/14/23 Price Changed $1,600,000 -5.9% --
03/22/2023 03/22/23 For Sale $1,700,000 -- --
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jordan Sparks

    Seller's Agent in 2023

    Jordan Sparks

    SMI REAL ESTATE

    (541) 646-0650

    1 in this area

    85 Total Sales

    Jordan Sparks
    Section Image
  • Cody Freshour

    Buyer's Agent in 2023

    Cody Freshour

    PEAK MANAGEMENT LLC

    (503) 779-9352

    2 in this area

    14 Total Sales

    Cody Freshour
    Section Image
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Map

Source: Willamette Valley MLS

MLS Number: 802992

Willamette Valley MLS
Oregon Linn County Sweet Home 97386

3224 Highway 20, Sweet Home, OR

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

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