Contact Information

Anja Jauregui
Jones Lang LaSalle

Mobile Home Park Details

  • Price: $3,195,000
  • Listing ID: 6868757
  • Posted On: Apr 14, 2025
  • Updated On: Apr 14, 2025

Description

JLL, as an exclusive advisor, is pleased to present the opportunity to acquire Edgewater Estates (the "Property"), a 4.75-acre manufactured housing community situated in Blaine, Washington. The offering consists of one contiguous parcel with 47 total sites, currently 89% occupied. Nestled in the scenic coastal region of Washington State, Birch Bay is a thriving community that presents a unique investment opportunity in the manufactured housing market, combining serene surroundings with strong demand for affordable, quality living options.

This asset has shown consistent occupancy stability and year-over-year rent growth. Future developers have the opportunity to take advantage of the existing zoning that permits condo or residential developments. A for-sale condo product would likely attract weekend visitors, summer residents, second-home buyers, retirees, and Bellingham commuters seeking more affordable housing options with over 430 ft. of private beach frontage.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Financial Information

Gross Income: $324,604
Operating Expense: $119,867
Net Operating Income: $204,737
Expense Ratio: 36.9 %

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