Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.1% (Actual)
- Listing ID: 7052782
- Posted On: Jul 6, 2026
- Updated On: Sep 30, 2026
Description
Volland Manor MHP is a stabilized, all-age manufactured housing community perfectly positioned in the high-demand market of Kennewick, WA. This 21-site asset offers an exceptional blend of immediate cash flow and low-risk upside.
Investment Highlights
• Turnkey Infrastructure: Features city water, city sewer, well-maintained asphalt roads, sidewalks, street lighting, dedicated tenant and guest parking, and secure locking mailboxes. Capital expenditures are minimized with all utilities and roads in excellent condition.
• Low-Maintenance Operations: Clean layout with chain-link fenced home sites, dedicated dumpster enclosures, and a mix of single- and double-wide homes that attract long-term tenants.
• Immediate Value-Add Potential: While current rental income is robust, immediate upside exists through bringing below-market spaces to market rates upon turnover, and implementing a garbage bill-back program to complement the existing submetered water/sewer system.
• Prime Location: Situated in a high-growth area close to major employment hubs, top-tier schools, shopping, and essential everyday services.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 22 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $663 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $207,338 |
| Operating Expense: | $57,901 |
| Net Operating Income: | $149,437 |
| Expense Ratio: | 27.9 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $663 |