Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.5% (Actual)
- Listing ID: 1721900
- Posted On: Jul 27, 2022
- Updated On: Apr 13, 2023
Description
3.34 acre mobile home park located in Columbia County, less than one mile from Dayton, WA! Park is at 100% occupancy in its current configuration of two RV spots and 20 homes. Additional empty spaces (four) could potentially be developed for future use. 13 homes are park-owned and seven are owner-occupied. Renovated laundry building not currently used, but is simply awaiting installation of W/D units. Park is on a private septic system and city water. Well-documented income records available, excellent investment opportunity!
Location
Going West on Highway 12 from Dayton, turn right into the mobile home park.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 22 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $325 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $154,980 |
| Operating Expense: | $34,689 |
| Net Operating Income: | $120,291 |
| Expense Ratio: | 22.4 % |
Lot Information
| Singlewide Lots: | 20 |
| Doublewide Lots: | 2 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 2 |
| Average RV Lot Rent: | $325 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 13 |
| Average Rent for Park-owned Homes: | $775 |
