Contact Information

Mobile Home Park Details

  • Price: $4,800,000
  • Purchase Method: Cash
  • Cap Rate: 5.3%
  • Property ID: 1028467
  • Posted on Jan 31, 2019

Property Description

Beautiful 35 Space Senior Mobile Home Park Community in Everett Washington, in the Heart of Snohomish County with Over 800,000 Population. Built in 1999, the Park Has 33 Double Wides and Two Singles. Sidewalks and Private Park for the Residents. Close to Shopping, Restaurants, Boeing, Everett Mall, I-5 and Churches. The Gross Proforma is $289,500 with a $100 Monthly Rent Increase. Current Rents Have Not Been Raised for 2 Years. Don't Miss Out on this Rare Opportunity to Own a Senior Park in a Great Area.

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Park Information

Community Type: 55 And Over
Number of MH Lots: 35
Total Occupancy: 100.0 %
Year Built: 1999
Average MH Lot Rent: $589
Size: 5.5 acre(s)

Financial Information (Pro Forma)

Gross Income $289,500
Operating Expense $36,820
Net Operating Income $252,680
Expense Ratio 12.7 %
Debt Info

Lot Information

Singlewide Lots: 2
Doublewide Lots: 33

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0

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