6993 SE Road U - Manufactured Housing/Mobile Housing FOR SALE


Warden, WA 98857
$850,000 USD
503-390-6060
6993 SE Road U, Warden, WA for Sale
$850,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/27
null | Request Cap Rate

6993 SE Road U
Warden, WA 98857


OVERVIEW

Elm Grove Mobile Home Park is a 20-space community in Warden, WA. The property is ~95% occupied with reliable collections and operating expenses running at roughly 20% of income, making it a very efficient park to own. Current average rents of about $340/month remain well below nearby communities ($498–$695/month), creating a clear path for steady rent growth over time, within the limits of Washington’s HB 1217. The current owner is offering attractive seller financing at 5% interest, 30-year amortization, 20 year term, and is open to negotiating the down payment. This structure gives buyers a chance to step into strong cash flow with built-in rent growth potential, while also securing favorable debt terms. At today’s operations, Elm Grove is producing an in-place yield near 8.13%, which is materially higher than most comparable sales across Washington and Oregon.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$3 USD /SF

# OF UNITS

20

PRICE/UNIT

$42,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.7 AC

LAND SF

248,292 SF

ZONING

-

APN/PARCEL ID

181033000

ASK ABOUT THIS PROPERTY

Ashley OffensendSMI Real EstateMore Info
503-390-6060

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Ashley OffensendSMI Real EstateMore Info
503-390-6060

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