Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 6.5%
  • Listing ID: 879021
  • Posted On: Nov 17, 2017
  • Updated On: Apr 22, 2024

Description

Great Mobile Home Park Opportunity, *$99,360 Current Gross Income with room for increase over the next few years. *$77,812 net * 6.48 Cap. * Low current rents 9 mobiles and a duplex all inside the city limits of growing Bellingham Washington. * City water and sewer * Future rent potential of $120,000 yearly. Bellingham boasts a 0 vacancy rating with several colleges. There are 5 park owned units included in the sale renting at up to $1025. per month. *Zoned for 17 units for future development of condos or apartments. *A great location close to I-5, Schools, Shopping, Restaurants, Golf and Churches.
Call Dave Hilbert at 1-800-543-2330 or Text/Cell 425-280-6542. Email: Dave@re2000homes.com

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Park Information

Community Type: All Age
Number of MH Lots: 9
Total Occupancy: 100.0 %
Year Built: 1970
Size: 1 acre(s)

Financial Information (Pro Forma)

Gross Income: $99,360
Operating Expense: $21,548
Net Operating Income: $77,812
Expense Ratio: 21.7 %

Lot Information

Singlewide Lots: 9
Park Model Lots: 5

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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