Awesome Mobile Home Park - Development Site, 17 Park Owned Mobiles and a Duplex on 4.3 Acres of Prime Development Property. Zoned for 84 Units with Sewer and Water Available. $162,912 Gross Proforma Rent, $117,296 Net Proforma. $13,576 Monthly Proforma. $714 Monthly Average. 8.79+% Proforma Cap Rate. Recent Rent Increase. Should Show Approximate 9+% Cap. Don't Miss Out on this Rare Opportunity to Own a Mobile Home Park and Development Site in the Rising Rental Market in Booming Oak Harbor, Washington.
Currently a 19 unit Mobile Home Park with 17 mobile homes and a duplex on pvt well and septic sytem. Property recently annexed into the City of Oak Harbor. All City Utilities available at the street. 4.36 acres (R4= 3.36ac./R2= 1ac.) zoned for approx 84 units (Apts. Condos, Senior Housing, etc.).
