Lynnwood Park LLC

Lynnwood Park, LLC

5717 186th Pl SW, Lynnwood, WA, 98037

1.49 Acres
$2,500,000

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

BROKER

Source: CBA

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