303 8th Street, Sultan, WA 98294

$2,000,000

Listing courtesy of Windermere Real Estate/HLC.

List Price
$2,000,000
Status
ACTIVE
MLS#
2225925
Days on Market
49
Style
56 - 10+ Units
Building Condition
Fair
Lot Size (sq ft)
37,462

Property Description

Great location Mobile Home Park with a duplex. Under market rents. Please do not approach tenants, tenants unaware of the sale. Park owns all mobile homes. All units currently Leased. Proforma CAP rate 6.3+%. Zoning is High Density good for future development. Owners willing to financing with 50% or more down.

Additional Information

List Date
2024-04-08 19:12:19
Community
Sultan
Potential Terms
Cash Out, Owner Financing
Year Built
1972
Roof
Built-Up, Composition, Metal
School District
Sultan
Total Monthly Income
$9,250
Gross Scheduled Income
$111,000
Gross Adjusted Income
$111,000
Tax Year
2023
Insurance Expense
$3,000
W/S/G Expenses
$18,000
Total Expenses
$32,075
Net Operating Income
$78,925
Gross Rent Multiplier
18
Cap Rate
4
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