Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Property ID: 926935
  • Posted On: May 10, 2018
  • Updated On: Aug 13, 2019

Property 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
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 19
Total Occupancy: 100.0 %
Year Built: 1968
Average MH Lot Rent: $627
Size: 4.3 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

Download Documents

Other Listings by Dave Hilbert

Similar Mobile Home Parks for Sale