Property Description

*Beautiful 17 Unit Park with a Residential home and Billboard rental. Located in growing Tacoma adjoining the Safeway Shopping Center. * All Doublewides with long term tenants. * City sewer and public water * Excellent condition throughout showing pride of ownership by the long time ownership. * $102,340 Gross Income starting January 2018 with $70,111 Net projected. * Low rents of $440.00 per month. * Blacktop driveway * Great multifamily and office zoning by Pierce County * 2.5 Acres. * A great future development site for a large apartment and mixed office use * Please drive through the park with discretion as not to disturb the long term tenants.

Mobile Home Park Details

  • Price:
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 5.8%
  • Property ID: 877378
  • Posted on Nov 10, 2017
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Park Information

Community Type: All Age
Number of MH Lots: 17
Total Occupancy: 100.0 %
Year Built: 1980
Average MH Lot Rent: $440
Size: 2.5 acre(s)

Financial Information (Pro Forma)

Gross Income $102
Operating Expense $32
Net Operating Income $70
Expense Ratio 31.4 %
Debt Info 0

Lot Information

Doublewide Lots: 17
Park Model Lots: 0

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0

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