Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 7.8%
  • Property ID: 800583
  • Posted on Apr 6, 2017

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.

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Park Information

Community Type: All Age
Number of MH Lots: 9
Total Occupancy: 100.0 %
Year Built: 1996
Average MH Lot Rent: $900
Size: 5.4 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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