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Fruitland MHP 9604 South Fruitland, Puyallup, WA 98373

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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
  • Cap Rate: 6.0% (Actual)
  • Listing ID: 4600062
  • Posted On: Mar 5, 2024
  • Updated On: Sep 10, 2024

Description

This is a unique property, offering 4 homes with one car Garage one Tiny home and two additional parking spots that can be tiny homes or RV. Tenants pay electricity and garbage. Property on Septic, and water bills are very low. Seller has an assumable loan and would carry additional funding if needed, (Call L/A for details). All homes are owned by the park. Rentals are

Location

Close shopping and schools but in a quiet rural area.

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Park Information

Community Type: All Age
Number of MH Lots: 7
Total Occupancy: 100.0 %
Year Built: 2006
Average MH Lot Rent: $2,000
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $125,183
Operating Expense: $27,000
Net Operating Income: $98,183
Expense Ratio: 21.6 %
Debt Info: $775K Assumable Loan

Lot Information

Doublewide Lots: 4
Park Model Lots: 1

RV Information

Number of RV Lots: 3
Average RV Lot Rent: $1,100

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 4
Average Rent for Park-owned Homes: $2,050