Marcus & Millichap is pleased to present the opportunity to acquire a two-property, 26-space Mobile Home Park portfolio. Tory Lynn & Tiffany Lane are situated less than two miles from each other in Winlock, Washington. The town of Winlock is located in Lewis County - less than a two-hour drive from both Seattle, WA and Portland, OR. Still owned by the family that built them in the 1990s, both parks have benefited from nearly 25 years of continuous and caring ownership. Lot rents for both parks range from $280 - $400, trailing far behind those in nearby Chehalis and offering a new owner plenty of upside in rents. Both parks are 100% occupied with very little historical turnover, and some tenants that have been around since the beginning.
Tory Lynn is an 18-space mobile home park featuring primarily tenant-owned homes. There is one park-owned home, which was completely refurbished in 2019. Tiffany Lane is comprised of six tenant-owned homes and two park-owned homes. Both Tory Lynn & Tiffany Lane have a “neighborhood” feel, with well-maintained roads and grass. All homes are double-wides, with an average pad size in excess of 5,000 SF. The parks feature private wells & septic systems, all of which are well-maintained and have minimal operating and testing costs. Most tenants are charged $50 per month “additional rent”, which covers water & sewer. Tenants are direct-billed for trash. All homes are serviced by 200 amp electricity, which tenants are also direct-billed for.