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Address is 214 Holcomb Ave Kelso, WA 98626

Kim Berry

Rundle Commercial Real Estate

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Kelso WA

Mobile Home Park for Sale in Kelso, Washington

214 Holcomb Ave
Kelso, WA 98626

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Sale Price: $950,000

Contact Information

Kim Berry
Rundle Commercial Real Estate

Mobile Home Park for Sale

Number of MH Lots: 26
Size: 3.8 acre(s)
Cap Rate: 9.0%
Status: Active
Property ID: 687835
Posted on: Jul 15, 2016
Updated on: Sep 25, 2016
Price: $950,000

Property Description

Full MHP with upswing and a waiting list to get in. 19 mobile homes, 2 RV sites, 2 duplexes and a single family house. Rents of 5 units are approximately $150 low for the market. Onsite manager gets free rent in the only park owned home. City water, Engineered septic system just a few years ago. Large shop rented out for $300/month. The tenants are long term and rents are a bit below market. Over 14% Cash return on investment. Bank financing available with 30% down payment.

Park Information

Number of MH Lots:26
Total Occupancy:100.0%
Average MH Lot Rent: $370
Size:3.8 acre(s)

Financial Information (Actual)

Gross Income$119,635
Operating Expense$88
Net Operating Income$88
Expense Ratio 0.1%
Debt InfoNew needed

Lot Information

Singlewide Lots:23
Doublewide Lots:1

RV Information

Number of RV Lots:2
Average RV Lot Rent: $355

Utility Information

Water Paid By: Tenant - Individual Service

Park-Owned Homes

Number of Park-owned Homes:1

Zip codes in Kelso, WA

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