Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 6.6%
- Listing ID: 848759
- Posted On: Aug 24, 2017
- Updated On: Feb 7, 2018
Description
Marcus & Millichap is pleased to present the L & M Mobile Home Park in Uniontown, Washington. Located on approximately 2.5 acres, L & M has 22 pads with no park owned homes. There is an additional two-bedroom apartment. Tenants are all long term with a solid payment history. L & M is on city services and water, sewer, and garbage are included in rent
.
Uniontown is a small agricultural community, a bedroom community to the Lewiston-Clarkston valley 16 miles to the south and Moscow and Pullman, both 16 miles to the north, and each of which have a state university. Housing options within the community include new home development on the south end of town or single family home rentals. L & M Mobile Home Park is the largest and most affordable multi-family rental property in the community. Owner is motivated for all cash but will consider financing with $150,000 down. Jim Reiter - jreiter@marcusmillichap.com
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 23 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $245 |
| Size: | 3 acre(s) |
Lot Information
| Singlewide Lots: | 23 |
| Park Model Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |