Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.3%
  • Listing ID: 3493418
  • Posted On: Aug 8, 2023
  • Updated On: Apr 15, 2024

Description

Welcome To The Monroe Street Estates RV and Mobile Home Park In Sunny Port Angeles, WA. This Community Is Home To 39 Tenants Residing In 36 RV, 2 Mobiles, And 1 Residential Home. 2023 Rents Go To $575 Per Space September 1st Providing A Proforma Gross Of $270,600 And A Proforma Net Of $200,293 And A 8.3% Cap Rate, 2024/25 Projected Proforma Net Of $247,993 And A 10.3% Cap Rate. Great Landscaping And Meticulously Maintained, PUD Water and Upgraded Septic System. Onsite Laundry, Blacktop Roads. Close To Port Angeles, Shopping, Restaurants, Schools And The Great Outdoors With Many Activities. Don't Miss Out On This Rare Opportunity To Own A Turnkey Profitable Park With Management In Place And Rented Income Upside!

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Park Information

Community Type: All Age
Size: 3 acre(s)

Financial Information (Pro Forma)

Gross Income: $270,600
Net Operating Income: $200,293

Lot Information

Singlewide Lots: 2

RV Information

Number of RV Lots: 36

Utility Information

Water: City
Sewer: Septic

Video

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