36010 U.S. 2, Sultan, WA 98294 For Sale

Berkadia Manufactured Housing is pleased to present Wallace River MH & RV Park, a 65-site community located within the high-growth Seattle MSA. This community benefits from one of the most dynamic and resilient economies in the PNW. The Seattle MSA is anchored by a highly diversified employment base, including technology, aerospace, logistics, healthcare, and education. This sustained population and income growth supports the long-term demand for affordable, flexible housing options like MH and RV communities.

In addition, the direct frontage to Wallace River, access to abundant outdoor recreation, strong tourism, and proximity to major transportation corridors further reinforce the community’s appeal. Current occupancy is 88%, and there are seven vacant RV pads. If a new owner were to get these leased up at $900 per site, GPR could increase by $75,600. Lastly, Wallace River MH & RV Park features all resident-owned homes besides one park model, which allows for lower operational oversight.

Overall, this offering presents the opportunity to acquire a low-management asset with meaningful upside through lease-up and rent optimization, supported by strong demand and a desirable location.

Learn more about this opportunity here: https://properties.berkadia.com/wallace-river-491879/?src=src4&pk_vid=4de98d990f8d727b17780768495fad48