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Address is 20517 92nd Avenue East Graham, WA 98338

Dave Hilbert

Real Estate 2000 Corp.

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Country Road Estates

Manufactured Home Community for Sale in Graham, Washington

20517 92nd Avenue East
Graham, WA 98338

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Mobile Home Park for Sale

Number of MH Lots: 17
Size: 5 acre(s)
Cap Rate: 7.5%
Purchase Method: Cash
Status: Sold
Property ID: 886553
Posted on: Dec 15, 2017
Updated on: Feb 01, 2018

Property Description

* 17 Unit Mobile Home Park in Graham Washington. * 5 Park like acres with 16 Double Wide Mobiles and 1 Triple * A 3 Bed 1.75 Bath and 4 Bed 3 Bath Double Wide are included in the sale * $114,660 Gross Proforma Rents with an $80,252 Projected Net * On Public Water with 17 individual septics * All Age All Double Wide park with Blacktop Drive * $515 Space Rents for 2018 on 15 Leased Spaces and $900. Monthly on each of the Park Owned Mobiles which are currently vacant * Close to Schools, Shopping, Restaurants, and Churches * Check out this Beautifully Maintained Pride of Ownership Park Today...
Note: Please Drive through the park with Discretion and call Dave Hilbert at 425-280-6542 to discuss any questions.

Attachments

2Up.pdf

Park Information

Number of MH Lots:17
Total Occupancy:70.0%
Year Built:1986
Average MH Lot Rent: $517
Size:5.0 acre(s)

Financial Information (Pro Forma)

Gross Income$114,660
Operating Expense$34,408
Net Operating Income$80,252
Expense Ratio 30.0%
Debt Info0

Lot Information

Doublewide Lots:16
Triplewide Lots:1

RV Information

Number of RV Lots:0

Utility Information

Water:City
Water Paid By: Park
Sewer:Septic

Park-Owned Homes

Number of Park-owned Homes:2
Average Rent for Park-owned Homes: $517