Mobile Home Park Details

  • Cap Rate: 5.1%
  • Listing ID: 1706587
  • Posted On: Jul 5, 2022
  • Updated On: Sep 1, 2022

Description

Lake Lawrence Mobile Home Park is a 100% occupied, pride-of-ownership, all-ages park that has been meticulously cared for. Of the 42 mobile home spaces, 41 hold tenant-owned homes
and one holds a 1998 built, 3-bed/2-bath, 1,848 square foot double wide manufactured home currently occupied by the on-site manager. The park is located in Yelm, Washington, a bedroom
community of Olympia and Tacoma approximately 60 miles from Seattle.

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Park Information

Number of MH Lots: 42
Total Occupancy: 100.0 %
Year Built: 1987
Average MH Lot Rent: $560
Size: 22 acre(s)

Financial Information

Net Operating Income: $229,070

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