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Listed by:COMPASS • Erich Bubbel
$ 2,200,000
Est. payment | /mo
29 Beds
25 Baths
89,289 SqFt
$ 2,200,000
Est. payment | /mo
29 Beds
25 Baths
89,289 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 89,289 sqft
Price per Sqft $24
Subdivision Grand Mound
MLS Listing ID 2522085
Style 56 - 10+ Units
Bedrooms 29
Year Built 1940
Annual Tax Amount $5,415
Lot Size 2.050 Acres
Lot Dimensions 89,298
Property Sub-Type Multi Family
Property Description
Grand Mound MH & RV Park | 25-pad mobile home and RV park generating $233,775 NOI at a 10.63% cap rate, with a projected pre-tax cash flow of $103,161 at current rents. The mix includes 10 dry pads with electrical hookups, six park-owned homes, and one stick-built home. The property operates on well water with newly installed equipment and four septic tanks, with an onsite building featuring two bathrooms, laundry, and owner's office. Additional upside through rent increases and 10 large storage units.
Location
State WA
County Lewis
Area 426 - Centralia
Interior
Flooring See Remarks
Fireplace false
Exterior
Exterior Feature See Remarks
Amenities Available RV Parking
Waterfront Description Low Bank
View Y/N No
Roof Type See Remarks
Building
Sewer Septic Tank
New Construction No
Schools
School District Centralia
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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