Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 5.8%
- Listing ID: 877378
- Posted On: Nov 10, 2017
- Updated On: Apr 22, 2024
Description
*Beautiful 17 Unit Park with a Residential home and Billboard rental. Located in growing Tacoma adjoining the Safeway Shopping Center. * All Doublewides with long term tenants. * City sewer and public water * Excellent condition throughout showing pride of ownership by the long time ownership. * $102,340 Gross Income starting January 2018 with $70,111 Net projected. * Low rents of $440.00 per month. * Blacktop driveway * Great multifamily and office zoning by Pierce County * 2.5 Acres. * A great future development site for a large apartment and mixed office use * Please drive through the park with discretion as not to disturb the long term tenants.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 17 |
Total Occupancy: | 100.0 % |
Year Built: | 1980 |
Average MH Lot Rent: | $440 |
Size: | 3 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $102 |
Operating Expense: | $32 |
Net Operating Income: | $70 |
Expense Ratio: | 31.4 % |
Debt Info: | 0 |
Lot Information
Doublewide Lots: | 17 |
Park Model Lots: | 0 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |