314 Avenue J, Snohomish, WA 98290

$4,200,000

Listing courtesy of Real Estate 2000 Inc..

Property Description

Awesome 18 Unit Mobile Home Park With Room To Expand! 5 Space Rentals Including 1 Vacant Space Rental, 13 Park Owned Units With Low Rents. 1.7 Acres On City Sewer & Water. Zoned 18 Units Per Acre. Over $350,000 In Upgrades In The Past 18 Months. Remove 2 or 3 Mobiles And Build 12-15 Units Or With Sunny Western Views. Site Previously Approved In 2008 For 30 Residential Homes. Proforma Net Income Is $290,207 And Proforma Cap Rate Of 6.91%. Close To Downtown Snohomish, Shopping, Restaurants, Boeing, New Snohomish-Reginal Airport. Don't Miss Out On This Rare Opportunity To Own A Profitable Park With A Great Potential To Add Apartment Units And Increase Income!

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