Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 5.6%
  • Property ID: 1028467
  • Posted On: Jan 31, 2019
  • Updated On: Aug 28, 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 Single Wides. Sidewalks and Private Park for the Residents. Close to Shopping, Restaurants, Boeing Plant, Everett Mall, I-5 and Churches. Very low Current Space Rents based on neighboring park rents. 10 Minutes to the New Snohomish County International Airport at Boeing Paine Field. The Gross Proforma is $357,000 after Increasing the Monthly Rent to $850 for All Spaces. Don't Miss Out on this Rare Opportunity to Own an Awesome Senior Park in a Great Area Close to Everything.

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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 $357,000
Operating Expense $95,000
Net Operating Income $262,000
Expense Ratio 26.6 %
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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