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Mobile Home Park Details

Purchase Method: Cash, New Loan
Cap Rate: 7.2%
Listing ID: 514628
Posted On: Mar 27, 2015
Updated On: Oct 23, 2023

Description

Rare Snohomish Park Opportunity! Machias Mobile Manor is a 15 space Family park located in Snohomish, WA. The property covers 3 acres with 8 singlewide spaces and 7 doublewide spaces. Rents are $380 for Singlewides and $390 for Doublewides. Park has considerably low rents based on Rent Comparable, at least $100 under market. The park is serviced by an on-site septic system and city water; each lot is individually metered. Tenants are responsible for water/sewer; Owner pays for garbage.

Location

Snohomish lies in Snohomish County. Access to the property is provided off I-5 and State Route 2; 8 miles East of Everett (largest city in Snohomish County) and 35 miles north of Seattle. Snohomish County is home to over 700,000 residents and is the 3rd largest county in Washington.

Snohomish prides itself for its historical downtown, and is known for its many antique shops. The historic business and residential center of the town constitutes the Snohomish Historic District, which is listed on the National Register of Historic Places. Neighboring city Everett is home to many Fortune 500 companies and boasts the largest public marina on the West Coast.

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