Contact Information
Arvin Vander Veen
Mobile Home Park Details
- Price: $2,500,000
- Purchase Method: Cash, New Loan
- Cap Rate: 5.4% (Actual)
- Listing ID: 6907069
- Posted On: May 27, 2025
- Updated On: May 27, 2025
Description
Nice park with long term tenants, very neat and clean.
Location
Near I-5 and JBLM.
Amenities
- Laundromat
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 37 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1958 |
| Average MH Lot Rent: | $630 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $267,060 |
| Operating Expense: | $141,545 |
| Net Operating Income: | $129,225 |
| Expense Ratio: | 53.0 % |
| Debt Info: | Free and clear |
Lot Information
| Singlewide Lots: | 6 |
| Doublewide Lots: | 1 |
RV Information
| Number of RV Lots: | 30 |
| Average RV Lot Rent: | $630 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $630 |