Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 6.6%
  • Listing ID: 848759
  • Posted On: Aug 24, 2017
  • Updated On: Feb 7, 2018

Description

Marcus & Millichap is pleased to present the L & M Mobile Home Park in Uniontown, Washington. Located on approximately 2.5 acres, L & M has 22 pads with no park owned homes. There is an additional two-bedroom apartment. Tenants are all long term with a solid payment history. L & M is on city services and water, sewer, and garbage are included in rent
.
Uniontown is a small agricultural community, a bedroom community to the Lewiston-Clarkston valley 16 miles to the south and Moscow and Pullman, both 16 miles to the north, and each of which have a state university. Housing options within the community include new home development on the south end of town or single family home rentals. L & M Mobile Home Park is the largest and most affordable multi-family rental property in the community. Owner is motivated for all cash but will consider financing with $150,000 down. Jim Reiter - jreiter@marcusmillichap.com

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Park Information

Community Type: All Age
Number of MH Lots: 23
Total Occupancy: 100.0 %
Year Built: 1970
Average MH Lot Rent: $245
Size: 3 acre(s)

Lot Information

Singlewide Lots: 23
Park Model Lots: 0

Utility Information

Water: City
Water Paid By: Park
Sewer: City