- Listing #:
- 2198056
- Price:
- $1,550,000
- Status:
- Active
- Property Type:
- Commercial
- Type:
- Mobile Home Park
- # of Acres:
- 0.92
- Year Built:
- 2006
- Comm/Assn:
- Puyallup
- City:
- Puyallup
- County:
- Pierce
- State:
- WA
- Zip:
- 98373
- Right of 1st Refusal:
- No
QR Code
Description
Currently offering rentals below the market rates, this investment presents a golden opportunity for those looking to capitalize on the high demand for affordable housing in the area. All units are easy to rent, and OWNED by the park, ensuring a steady stream of income for the discerning investor. The potential to reconfigure one of the homes into a duplex adds an extra layer of income-generating possibilities, making this property a strategic and lucrative investment. Nestled in a serene rural area, the location is a haven for those who appreciate peaceful surroundings while desiring easy access to schools and shopping. The proximity to essential amenities makes this property an ideal choice to continual attract tenants.
Property Features
- Cap Rate:
- - 6
- Cooling Y/N:
- - Yes
- Covered Spaces:
- - 11
- Exterior Features:
- - Wood Products
- Foundation Details:
- - Poured Concrete
- - Tie Down
- Gross Scheduled Income:
- - $129,360.00
- Heating Y/N:
- - Yes
- Insurance Expense:
- - $2,667.00
- Net Operating Income:
- - $106,764.00
- Parking Uncovered Total:
- - 9
- Power Company:
- - PSE
- Sewer Company:
- - Septic
- Style Code:
- - 72 - Mobile Home Park
- Total Expenses:
- - 22536
- Total Sq. Ft. Rented:
- - 6636
- Vacancy Rate:
- - 5
- Water Company:
- - City of Puyallup
- Zoning Class:
- - Residential
- Zoning Jurisdiction:
- - County
- Other Expense:
- - 6476
- Parcel Number:
- - 0419052135
- Possible Use:
- - Residential
- Property Condition:
- - Good
- :
- - Level
- Structure Type:
- - Manufactured House
- Annual Tax Amount:
- - $13,393.00
- Tax Year:
- - 2023
- Total Actual Rent:
- - 10850
- Water Source:
- - Public