| Property Description: Older mobile home park with 3 doublewides, 8 singlewides, and a stick built home on 1 3/4 acres. On septic, all inspected and approved by health dept. Homes average about 35 years old. Gross rent is a little over $8,000 per month. Same on site manager for 15 years. Homes are in average condition. One should be replaced. All mobile homes are owned by the park, and rented as homes. Possible small part trade for down payment, lets make a deal!
PRICE REDUCED!
Net Operating Income: $63,000
Cap Rate: 10.00%
Location Description: Located in an area of nice homes in a residential neighborhood between Puyallup and Tacoma. Property sits at the top of a knoll with a nice mountain view.
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