36010 State Route 2 - Manufactured Housing/Mobile Housing FOR SALE


Sultan, WA 98294
$6,500,000 USD
253-891-9000
36010 State Route 2, Sultan, WA for Sale
$6,500,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/36
null | 7.04% Cap Rate

36010 State Route 2
Sultan, WA 98294


HIGHLIGHTS

  • Easy access to SR-2 and public transit
  • River views

OVERVIEW

Wallace River Mobile Home Park offers 64 rental units public water and septic systems. The 41 manufactured home with NO park owned units, lots are fully occupied with a consistent history of 100% occupancy, 16 of the 23 RV spaces are currently rented, providing steady and diversified income with a 7 CAP. The property features about 1,000 feet of frontage along the Wallace River, including a large common park area for residents to enjoy, as well as roughly 1,200 feet of frontage along SR-2 with three convenient highway access points. Combining stable tenancy, strong income and a scenic riverfront setting That has never flooded, this property represents a rare and valuable long-term investment opportunity.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$2,551 USD /SF

# OF UNITS

64

PRICE/UNIT

$101,563

CAP RATE

7.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wallace River Mobile Home Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.29 AC

LAND SF

404,854 SF

ZONING

R-5

APN/PARCEL ID

280835-003-041-00

ASK ABOUT THIS PROPERTY

Don GoethalsRE/MAX Extra Inc.More Info
253-891-9000

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Don GoethalsRE/MAX Extra Inc.More Info
253-891-9000

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