6208 202nd St SW - Manufactured Housing/Mobile Housing FOR SALE


Lynnwood, WA 98036- Downtown Lynnwood
$5,880,000 USD
206-313-6761
6208 202nd St SW, Lynnwood, WA for Sale
$5,880,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/11
null | 4.9% Cap Rate

6208 202nd St SW
Lynnwood, WA 98036
Downtown Lynnwood


HIGHLIGHTS

  • 50-site manufactured housing community
  • Fully occupied community
  • Consists of 100% resident-owned homes
  • Stable, sticky tenancy
  • First time on the market in 53 years
  • Held by the same family since 1973

OVERVIEW

Medo-Lyn Mobile Ranch is being offered for sale for the first time in 53 years. Held by the same family since 1973, the community has been operated as a stable, hands-on family business for more than five decades — a continuity of ownership that is exceedingly rare in today's manufactured housing market. That stewardship shows in the asset's performance: the park is fully occupied, the rent roll has remained stabilized across ownership's tenure, and tenancy issues have been minimal, reflecting a long-tenured resident base of entirely owner-occupied homes with deep ties to the community.

FOR SALE DETAILS

PRICE

$5,880,000 USD

PRICE/SF

$7,840 USD /SF

# OF UNITS

-

CAP RATE

4.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Medo-Lyn Mobile Ranch

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.57 AC

LAND SF

199,069 SF

ZONING

LI

APN/PARCEL ID

005154-000-014-00

ASK ABOUT THIS PROPERTY

Andrew NorrisPalmero PartnersMore Info
206-313-6761

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Andrew NorrisPalmero PartnersMore Info
206-313-6761

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