Contact Information

Mobile Home Park Details

  • Price: $2,500,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 3.8%
  • Property ID: 2175596
  • Posted On: Mar 16, 2023
  • Updated On: Mar 16, 2023

Property Description

Well maintained 1.49 acre mobile home park in a great location in central Lynnwood and close to shopping, schools, emergency services, and recreation. Minutes to Seattle, Everett, Boeing, and the Eastside. (16) MH spaces plus an additional RV hook-up and a newly renovated 3-bedroom house. Updated water supply system, site is connected to city water and sewer. (2) of the units are park-owned, all the others are tenant-owned. Opportunities for additional income: filling (1) existing vacant home space, (1) RV hook-up space, individual metering of the utilities, and renting the house. Rents are below market, Buyer to confirm market rent outlook. Proforma 6.3 Cap Rate.

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Park Information

Community Type: All Age
Year Built: 1955
Size: 2 acre(s)

Financial Information (Actual)

Gross Income $140,460
Operating Expense $44,716
Net Operating Income $95,744
Expense Ratio 31.8 %
Debt Info

Utility Information

Water: City
Sewer: City


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