Property Details

5717 186 Pl SW

Lynnwood, WA 98037

$2,500,000

Available

CBA# 659021 courtesy of CBA Listing firm: KW Commercial GSWA MCI LLC

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Commercial

Property Type

886

Bldg Sq Ft

3.00%

Cap Rate

1955

Year Built

Property Overview

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. Rents are below market, Buyer to confirm market rent outlook. Proforma 6.3 Cap Rate.