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Address is 1704 72nd Street E. Tacoma, WA 98404

Dave Hilbert

Real Estate 2000 Corp.

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DIRU Mobile Home Park

Multi Family Housing for Sale in Tacoma, Washington

1704 72nd Street E.
Tacoma, WA 98404

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Sale Price: $1,200,000
 

Contact Information

Dave Hilbert
Real Estate 2000 Corp.

Mobile Home Park for Sale

Number of MH Lots: 17
Size: 2.5 acre(s)
Cap Rate: 5.8%
Purchase Method: Cash, Seller Financing
Status: Sale Pending
Property ID: 877378
Posted on: Nov 10, 2017
Updated on: Dec 14, 2017
Price: $1,200,000

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.

Park Information

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 Info0

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