Center View Estates

Center View Estates presents the opportunity to acquire a 55+ manufactured housing community located at 4754 Center Street NE in Salem, Oregon. Developed in 1996, the property consists of 22 multi-section manufactured home sites, with the offering including 21 of the 22 sites and a right of first offer on the remaining privately owned lot. The community is fully occupied and comprised entirely of resident-owned homes, creating a stable operating structure with limited landlord maintenance responsibilities.

Unlike many manufactured housing communities that average approximately 10 sites per acre, Center View Estates features just 22 homesites across 3.3 acres, resulting in a lower-density layout that provides wider streets, enhanced curb appeal, and a more welcoming residential atmosphere. Homesites range from approximately 4,000 to 12,000 square feet, offering residents greater privacy and outdoor space than is typically found in the sector. The community is further differentiated by the quality of its housing stock, which consists exclusively of newer double-wide and triple-wide manufactured homes, each featuring either a carport or garage.

The property benefits from paved interior roadways, sidewalks, off-street parking, municipal water and sewer service, and individually parceled homesites. Existing site rents average approximately $874 per month, which compares favorably to nearby age-restricted communities identified in the offering materials. The community also includes ownership of Clearwater Source, LLC, the private utility company servicing the property. Clearwater currently generates approximately $1,000 per month in net income providing an additional revenue stream that requires no ongoing operational involvement from ownership.

Located within Oregon's capital city, Center View Estates offers residents convenient access to retail services, healthcare providers, employment centers, and regional transportation routes. The property is situated near Lancaster Drive NE, Willamette Town Center, Salem Academy, and other established commercial and community amenities. Salem's role as a government, healthcare, and education employment center supports long-term housing demand, while its location between Portland, the Oregon Coast, and the Cascade Mountains contributes to regional accessibility.

Available