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Contact Information

Mobile Home Park Details

  • Price: $1,850,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.1% (Actual)
  • Listing ID: 7052782
  • Posted On: Jul 6, 2026
  • Updated On: Jul 6, 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.

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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

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