315 F st - Manufactured Housing/Mobile Housing FOR SALE


Prescott, WA 99348
$1,400,000 USD
315 F st, Prescott, WA for Sale
$1,400,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/3
null | 8% Cap Rate

315 F st
Prescott, WA 99348


HIGHLIGHTS

  • Strong In-Place Income
  • Attractive 8% Cap Rate
  • Low Operating Costs
  • Stabilized Asset with Upside
  • Hands-Off Management
  • Long-Term Ownership

OVERVIEW

This 28-space mobile home park is located in the rural community of Prescott, Washington, and offers consistent cash flow with minimal day-to-day management. The property is connected to city water, which is paid by the owner, while tenants who choose to irrigate lawns or gardens are individually metered and billed for excess usage. Wastewater is handled by eight well-maintained septic systems, eliminating sewer utility costs and keeping operating expenses low. Tenants are also responsible for their own garbage service. The park currently has 26 occupied spaces and two vacancies. It is home to long-term, reliable tenants who are current on rent and require very little oversight. An on-site tenant serves as an assistant manager, helping maintain the property and deliver notices when needed. The current owner has operated the park for 15 years, steadily improving occupancy through strategic infill and hands-on stewardship. The property has operated smoothly and efficiently throughout that time, making it a stable, low-maintenance investment opportunity in a steady rental market.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$28 USD /SF

# OF UNITS

28

PRICE/UNIT

$50,000

CAP RATE

8%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prescott Mobile Estates

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.62 AC

LAND SF

114,127 SF

ZONING

-

APN/PARCEL ID

361033130003

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