Call 360 485 3497

Say that you are are calling about a mobile home park on

Address is 3227 78th Ave Se Olympia, WA 98501

John Bueche

Lilly Place LLC Mobile & RV Park

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Lilly Place Mobile Home & RV Park

Mobile Home Park for Sale in Olympia, Washington

3227 78th Ave Se
Olympia, WA 98501

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Mobile Home Park for Sale

Cap Rate: 12.0%
Purchase Method: Cash, New Loan
Status: Sold
Property ID: 376945
Posted on: Jun 05, 2013
Updated on: Dec 16, 2013

Property Description

Reduced from $769,000 because of health issues. A real money maker, this 9 unit Mobile Home and 7 unit long term RV Park is ready for a new owner.Space rent is $795 per month and are always rented with waiting list. Mobiles are owned by the tenants. The RV's are owned by their owners and space rent is $390 per mo. The RV lots are legal for Labor and Industries (electrical) however not with the county because of water limits. Park established in 1976. Manager and maintenance man on site. Would require a new loan and NO OWNER CARRY. PRETTY FIRM ON PRICE, BUT CASH TALKS! Call John at 360 485 3497 or email

Financial Information (Actual)

Gross Income$120
Operating Expense$10
Net Operating Income$109
Expense Ratio 8.3%
Debt InfoCurrent loan $403,000

Lot Information

Singlewide Lots:4
Doublewide Lots:5
Triplewide Lots:0
Park Model Lots:0

RV Information

Number of RV Lots:7
Average RV Lot Rent: $390

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:0
Average Rent for Park-owned Homes: $0

Amenities and Other

Laundromat: Yes
Storage: Yes

Zip codes in Olympia, WA

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