21021 Old Highway 99 SW - Manufactured Housing/Mobile Housing FOR SALE


Centralia, WA 98531
$2,200,000 USD
206-399-3285
21021 Old Highway 99 SW, Centralia, WA for Sale
$2,200,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/13
null | 10.63% Cap Rate

21021 Old Highway 99 SW
Centralia, WA 98531


HIGHLIGHTS

  • 25-pad MH & RV park including park-owned homes, RV/dry pads, laundry, parking, and underutilized storage units.
  • Ability to increase rents, optimize RV pad income, and expand ancillary revenue with limited near-term CapEx.
  • Positioned near I-5 in Centralia, WA, benefiting from stable renter demand, regional employers, and seasonal RV tourism.

OVERVIEW

Investment Sales Group | Compass is pleased to present the Grand Mound MH & RV Park, located at 21021 Old Highway 9 SW in Centralia, Washington, a well-established multifamily investment opportunity priced at $2,200,000. The property consists of 25 units with a mix of mobile home and RV park spaces. The property generates solid returns with a current net operating income of $233,775, offering investors a stable cash flow and a projected pre-tax cash flow of $103,161 at current rents. The property features a mix of 25 pads, 10 dry pads with electrical hookups only, six park-owned homes, and one stick-built home. It also benefits from essential infrastructure, including well water with newly installed equipment, four septic tanks, and a building with two bathrooms, a laundry room, and an owner’s office. The investment offers strong returns, with additional upside through rent increases and the ability to generate storage income from 10 large storage units—making it even more compelling as a long-term hold. Located in the thriving Grand Mound area of Centralia, Washington, this property is strategically situated with easy access to major highways and regional amenities. The location is ideal for residents and visitors alike, offering easy access to shopping, dining, and entertainment. The park is positioned in an area with a stable and growing population, presenting investors with strong demand for mobile homes and RV spaces. With its prime location and solid investment fundamentals, Grand Mound MH & RV Park is a prime opportunity for investors looking to capitalize on an undervalued property with substantial upside potential.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$667 USD /SF

# OF UNITS

19

PRICE/UNIT

$115,789

CAP RATE

10.63%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.05 AC

LAND SF

89,298 SF

ZONING

AC

APN/PARCEL ID

42201000300

ASK ABOUT THIS PROPERTY

Erich BubbelCOMPASSMore Info
206-399-3285

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Erich BubbelCOMPASSMore Info
206-399-3285

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.