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Contact Information

Mobile Home Park Details

  • Price: $3,750,000
  • Cap Rate: 5.3% (Actual)
  • Listing ID: 7051450
  • Posted On: Jul 1, 2026
  • Updated On: Jul 1, 2026

Description

Maxey’s MHP is a fully occupied, all TOH property located in the heart of downtown Kennewick, Washington. The property consists of 57 total income-producing spaces, including 33 manufacturing home sites, 22 RV sites,one-3bd 2ba house, and a ground lease to a drive-through coffee kiosk fronting on West Clearwater Avenue. Current ownership reports an average occupancy exceeding 98 percent over the past nine years, demonstrating the property's long-term stability and consistent demand.

Conveniently situated near shopping, restaurants, medical, dental facilities, and many other businesses and services, the location of Maxey’s cannot be overstated. Located on West Clearwater Avenue, a major four-lane thoroughfare, this property enjoys excellent visibility and easy access from both directions. Kennewick is part of the Tri-Cities area of Pasco and Richland which lies in the Columbia River Valley wine country, with close proximity to over 100 wineries. Moreover, the property is a ten minute drive to the Pasco International Airport.

Utilities are all included in the rent except electric which is paid by the tenants directly. Currently, there is a completely new water system being installed throughout the entire property including all new main 2” lines, 1 ¼” transfer lines, and all brand new ¾” feeder lines to each trailer with all new shut-off valves on each unit. There has also been major replacements of sections of the sewer lines as well. The combination of full occupancy, diversified income streams, extensive infrastructure upgrades, and a prime Tri-Cities location positions Maxey’s MHP as a compelling manufactured housing and RV investment opportunity.

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Park Information

Number of MH Lots: 33
Total Occupancy: 98.0 %
Year Built: 1960
Average MH Lot Rent: $555
Size: 7 acre(s)

Financial Information (Actual)

Gross Income: $390,840
Operating Expense: $186,039
Net Operating Income: $196,984
Expense Ratio: 47.6 %

Lot Information

Singlewide Lots: 33

RV Information

Number of RV Lots: 22
Average RV Lot Rent: $540

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