Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Listing ID: 926935
- Posted On: May 10, 2018
- Updated On: Apr 22, 2024
Description
Awesome Mobile Home Park - Development Site, 17 Park Owned Mobiles and a Duplex on 4.3 Acres of Prime Development Property. Zoned for 84 Units with Sewer and Water Available. $162,912 Gross Proforma Rent, $117,296 Net Proforma. $13,576 Monthly Proforma. $714 Monthly Average. 8.79+% Proforma Cap Rate. Recent Rent Increase. Should Show Approximate 9+% Cap. Don't Miss Out on this Rare Opportunity to Own a Mobile Home Park and Development Site in the Rising Rental Market in Booming Oak Harbor, Washington.
Currently a 19 unit Mobile Home Park with 17 mobile homes and a duplex on pvt well and septic sytem. Property recently annexed into the City of Oak Harbor. All City Utilities available at the street. 4.36 acres (R4= 3.36ac./R2= 1ac.) zoned for approx 84 units (Apts. Condos, Senior Housing, etc.).
Amenities
- Laundromat
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 19 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1968 |
| Average MH Lot Rent: | $627 |
| Size: | 4 acre(s) |
Lot Information
| Singlewide Lots: | 19 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 19 |
| Average Rent for Park-owned Homes: | $627 |