Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.7%
- Listing ID: 1223574
- Posted On: Mar 5, 2020
- Updated On: Apr 22, 2024
Description
Great Mobile Home Park Opportunity. $108,876 Gross Income, Low Rents, 9 Mobile Spaces, 5 Park Owned, Plus Rambler Duplex on City Water & Sewer. Inside City Limits of Growing Bellingham, WA. Zoned Multifamily for Future Apartment or Condo Development. Future Gross Rents $122,100 Yearly with Increase. Bellingham Boasts a Near "0" Vacancy Rating. 8.2% Proforma Cap Rate on $115,104 Net After Water, Sewer and Garbage Are Passed Onto Tenants at $65 Per Month and Small Increase in Rents. Don't Miss Out on This Awesome Opportunity to Own a Beautiful Mobile Home Park.
For a complete package, please click on "Maplewood MHP Package 342020.pdf" at the bottom of this page, under "Download Documents".
Location
Bellingham
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Park Information
| Number of MH Lots: | 11 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1975 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $108,876 |
| Operating Expense: | $15,516 |
| Net Operating Income: | $93,360 |
| Expense Ratio: | 14.3 % |
Lot Information
| Singlewide Lots: | 9 |
Utility Information
| Water: | City |
| Sewer: | City |
