Mobile Home Park Details

Purchase Method: Cash, New Loan
Cap Rate: 5.8%
Listing ID: 1437414
Posted On: May 11, 2021
Updated On: Aug 17, 2021

Description

Country Mobile Estates is a 65 space all ages Community built in 1975, located in highly desirable Yakima, WA (Yakima County). Property covers 16 acres and operates on Private Well and On-site septic system.

The park has a history of maintaining 100% occupancy due to strong local economy and high demand for housing. The rents are currently $450/month with all Water, Sewer and Garbage included in the space rent (Electric and cable billed directly). Home mix is 25 Doublewides and 40 Singlewides.

Location

Access to the property is off I-82E, approximately 2-hour drive from Seattle (184 miles to Portland and 204 miles to Spokane). Yakima is the county seat of Yakima County, Washington, and the state's eleventh largest city by population. As of the 2010 census, the city had a total population of 91,067, a 15% increase since 2000.

Yakima County had a population of 243,231 per 2010 census. Yakima Valley Washington' s premium wine region now offers more than 50 different Wineries and tourist attractions in the area with over 300 days of sunshine a year.

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