- Listing #:
- 2001583
- Price:
- $2,500,000
- Status:
- Active
- Property Type:
- Commercial
- Type:
- Mobile Home Park
- # of Acres:
- 1.49
- Year Built:
- 1955
- Comm/Assn:
- Lynnwood
- City:
- Lynnwood
- County:
- Snohomish
- State:
- WA
- Zip:
- 98037
- Right of 1st Refusal:
- No
QR Code
Description
Well maintained 1.49 acre mobile home park in a great location in central Lynnwood and close to shopping, schools, emergency services, and recreation. Minutes to Seattle, Everett, Boeing, and the Eastside. (16) MH spaces plus an additional RV hook-up and a newly renovated 3-bedroom house. Updated water supply system, site is connected to city water and sewer. (2) of the units are park-owned, all the others are tenant-owned. Opportunities for additional income: filling (1) existing vacant home space, (1) RV hook-up space, individual metering of the utilities, and renting the house. Buyer to confirm market rent outlook. Proforma 6.3 Cap Rate.
Property Features
- Cap Rate:
- - 3.72
- Gross Scheduled Income:
- - $140,460.00
- Insurance Expense:
- - $6,482.00
- Net Operating Income:
- - $93,246.00
- Free And Clear:
- - false
- Gross Adjusted Income:
- - 140460
- Gross Rent Multiplier:
- - 18
- Improvements Assessed Value:
- - 694600
- Land Assessed Value:
- - 649400
- Power Company:
- - Snohomish PUD
- Sewer Company:
- - City of Lynnwood
- Style Code:
- - 72 - Mobile Home Park
- Total Assessed Value:
- - 1344000
- Total Expenses:
- - 46814
- Water Company:
- - City of Lynnwood
- Water Sewer Garbage:
- - 21757
- Zoning Class:
- - Multi-Family
- Zoning Jurisdiction:
- - City
- Other Expense:
- - 5987
- Parcel Number:
- - 0050360000060
- Possible Use:
- - Multi-Family
- :
- - Level
- Structure Type:
- - Manufactured House
- Annual Tax Amount:
- - $12,588.00
- Tax Year:
- - 2022
- Water Source:
- - Public