Joel E Erlitz - Commercial Real Estate Showcase

Joel E Erlitz Property Listings
First Commercial Property Corp
4606-4630 25th Ave NE
Suite 701
Seattle, WA 98105
(206) 985-7275 x100

305 Magers Street - River's Edge Mobile Home Park

Twisp, WA 98856

Property Type:Multi-Family Number of Units:62 Status:Existing Year Built:1975
Stories:1 Building Size:2,686 SF Land Area:12.29 AC (535,352 SF)
For Sale Price:$1,850,000 Price/Unit:$29,838.71 Cap Rate:7.35 % GRM:7.10


Sale Notes:
The property is being sold by motivated Sellers

Included in the sale are fourteen (14) manufactured homes which may either be retained as rental houses or sold to recapture invested capital.

Six (6) promissory notes accompany the sale.

This unique rental market represents the only affordable housing in the 90-mile valley.

This property is superb long term investment for an active Owner/Operator.

First Commercial Property Corp
Joel E Erlitz
(206) 985-7275 x100

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