Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 7.8% (Pro Forma)
- Listing ID: 800583
- Posted On: Apr 6, 2017
- Updated On: Apr 22, 2024
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
| Community Type: | All Age |
| Number of MH Lots: | 9 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1996 |
| Average MH Lot Rent: | $900 |
| Size: | 5 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $98 |
| Operating Expense: | $21,576 |
| Net Operating Income: | $76 |
| Expense Ratio: | 22016.3 % |
| Debt Info: | 0 |
Lot Information
| Doublewide Lots: | 9 |
| Park Model Lots: | 10 |
RV Information
| Number of RV Lots: | 1 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $900 |
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