3020 E College Way - Commercial LAND FOR SALE


Mount Vernon, WA 98273 1,301,573 SF
$25,800,000 USD
206-478-2380
3020 E College Way, Mount Vernon, WA for Sale
$25,800,000 USD
Commercial LAND - FOR SALE
1/11
1,301,573 SF

3020 E College Way
Mount Vernon, WA 98273


OVERVIEW

Skagit Valley offers 172 manufactured home lots which are connected to public water and sewer. It was constructed in 1986 and 1992 and has never been for sale. The lots are 100 percent occupied and have remained so in recent history. Rents range from $695 to $740 per month, with the tenants paying an additional charge each month for water, sewer and trash removal. Skagit Valley's 2024 Revenues are $1,801,743, and are budgeted at $1,853,343 with this year's rent increase. NOI for 2024 was $1,113,303. In place NOI with the 2025 rent increase is $1,164.093 (4.5 CAP on 2024's expenses). There is a DropBox of financial and due diligence records that are available for review upon signing of a Nondisclosure Agreement.

FOR SALE DETAILS

PRICE

$25,800,000 USD

PRICE/ACRE

$863,454/AC

PRICE/SF

$20 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Skagit Valley Mobile Manor

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Manufactured Homes/Mobile Home Park

LAND ACRES

29.88 AC

LAND SF

1,301,573 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

P25273,P25361

ASK ABOUT THIS PROPERTY

Walt OlsenOlsen Properties, LLCMore Info
206-478-2380

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

Walt OlsenOlsen Properties, LLCMore Info
206-478-2380

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