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Address is 18525 Old Highway 99 Sw Rochester, WA 98579

Dave Hilbert

Real Estate 2000 Corp.

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Barrows Mobile Home Park

Mobile Home Park for Sale in Rochester, Washington

18525 Old Highway 99 Sw
Rochester, WA 98579

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Sale Price: $990,000

Contact Information

Dave Hilbert
Real Estate 2000 Corp.

Mobile Home Park for Sale

Number of MH Lots: 9
Size: 5.4 acre(s)
Cap Rate: 7.8%
Purchase Method: Cash, Seller Financing, New Loan
Status: Active
Property ID: 800583
Posted on: Apr 06, 2017
Updated on: Feb 14, 2018
Price: $990,000

Property Description

Beautiful Mobile Home Park in Rochester, WA. Nine newer Double Wide Park Owned Mobiles on 5 Level Park Like Acres. Vast Lawns and Open Spaces Among Majestic 80 -90 year old Evergreens. Includes a Three Car Garage with RV Hookup. Just 2 miles to I-5, 20 Minutes to Olympia, Washington the State Capital of Washington. $102,000+ Gross Rent Proforma. $80,000 + Net Proforma. Owner Financing Available on this Awesome Park with 50% Down. The Mobiles are all of the 1990's Vintage. The price has been dropped $260,000 from the $1,250,000 original asking price to Initiate Offers. Don't miss out on this Great Opportunity to own a Profitable Mobile Home Park in Growing Thurston County Washington. Call Dave Hilbert at Real Estate 2000 Corp. 1-800-543-2330 for further information or on his Cell/Text at 425-280-6542.

Park Information

Number of MH Lots:9
Total Occupancy:100.0%
Year Built:1996
Average MH Lot Rent: $900
Size:5.4 acre(s)

Financial Information (Pro Forma)

Gross Income$98
Operating Expense$21,576
Net Operating Income$76
Expense Ratio 22016.3%
Debt Info0

Lot Information

Doublewide Lots:9
Park Model Lots:10

RV Information

Number of RV Lots:1

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:10
Average Rent for Park-owned Homes: $900