3 bedrooms, 2 bath, double wide
Photo of inside
Photo of inside
Photo of inside
Photo of Inside
Photo of Inside
Photo of inside
Photo of main bathroom
Photo of Unit 9---2 bedrooms 1 bath
Photo of play area and RV spot
Photo of Unit 9
Photo of unit # 7---2 bedrooms/2 bath
2 bedrooms, 1 bath, doublewide
2 bedrooms, bath, single wide
3 bedrooms, 2 bath, double wide
2 bedrooms, 2bath, single wide
2 bedrooms, 2bath, single wide
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 12.0%
- Listing ID: 108264
- Posted On: Nov 18, 2011
- Updated On: Jul 15, 2013
Description
This is a family park with 9 park owned homes and 7 RV's (2 owned by park). All homes have been upgraded, and 3 new septic systems installed. Its located on 2.27 acres. Park is always full with a waiting list.
Well was recently updated by county and a new pump and tank were installed last year. Nice investment with excellent income and low expenses.
Annually park brings in $125,000 or monthly $10,200.00. Low operating cost. Purchase outright for $699,000 (was $829,000) or join LLC partnership for $250,000. Call or email for more information on this program.
Location
Located in county (not city) saves taxes. Also easy commute to all of Olympia area including military families.
Amenities
- Laundromat
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 9 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1976 |
| Average MH Lot Rent: | $795 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $125,000 |
| Operating Expense: | $14,520 |
| Expense Ratio: | 11.6 % |
| Debt Info: | 405000 |
Lot Information
| Singlewide Lots: | 4 |
| Doublewide Lots: | 5 |
RV Information
| Number of RV Lots: | 7 |
| Average RV Lot Rent: | $320 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 9 |
| Average Rent for Park-owned Homes: | $795 |