Cherry Court 3475 Cherry Ave NE 8 Unit Mobile Home Park $1,733,606 CAD ($216,701 CAD/Unit) 7.56% Cap Rate Keizer, OR 97303

Cherry Court presents an opportunity to acquire a stabilized manufactured housing and recreational vehicle community in the heart of Keizer, Oregon, one of the most desirable suburban markets within the Salem metropolitan area. Offered at $1,237,000, the community consists of 14 income-producing sites situated on approximately 0.81 acres and benefits from strong occupancy fundamentals, proximity to major employment centers, and convenient access to Interstate 5.
The property is comprised of six manufactured home spaces and eight recreational vehicle spaces, creating a diversified housing mix that serves a broad tenant base. Its central Keizer location places residents within minutes of Downtown Salem, major retail corridors, employment centers, restaurants, and everyday conveniences. The community's proximity to Salem Industrial Park and major transportation routes further enhances tenant demand and long-term occupancy stability.
Cherry Court offers investors immediate cash flow with in-place rental income and projected first-year net operating income of approximately $93,492, equating to an estimated 7.56% cap rate based on the offering price. The property also benefits from projected rent growth and favorable demographic trends throughout the Salem-Keizer market.
As affordable housing continues to experience strong demand across the Pacific Northwest, Cherry Court provides investors with the opportunity to acquire a well-located manufactured housing and RV community positioned within a supply-constrained housing market and supported by long-term demographic growth.