Lynnwood Park LLC
Lynnwood Park, LLC5717 186th Pl SW, Lynnwood, WA, 98037
Listing Details
- List Price
- $2,500,000
- List Price Per SF
- $38.52
- List Price Per Acre
- $1,677,852
- Terms
- Cash, Financing
- Total Income
- $140,460
- Total Expenses
- $44,716
- NOI
- $95,744
- Cap Rate
- 3.83%
- List Date
- 11/04/2022
- Available Date
- 11/04/2022
- Possession
- 30 Days
- Signage
- None
- Show Instructions
- View with discretion
- Listing ID
- 33029721
Lynnwood Park LLC
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.
Space Details
- Total Available
- 1.49 Acres
- Primary Use
- Land
- Secondary Uses
- Multi-Family
- Investment
- Yes
- Real Estate Taxes
- $12,093 in 2022
Property Highlights
- Type
- Land: Mobile Home Park
- Size
- 886 SF, 1.49 Acres
- Zoning
- MHP
- Submarket
- CBA Edmonds
Contact
Joseph Hopkins
KW Commercial GSWA MCI LLC
Source: CBA
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