Listed by Columbia Equity Advisors
$1,850,000
Volland Manor Mobile Home Park
Details
Property Type Mobile Home Park
Pads 22
Cap Rate 8.08%
NOI $149,437
Occupancy 100%
Acreage 2.640
Zoning RM-6 Residential Medium Density
Investment Type Stabilized
Stable Cash Flow - 8.1% Cap on Scheduled Income
Investment highlights
Volland Manor MHP is a stabilized, all-age manufactured housing community perfectly positioned in the high-demand market of Kennewick, WA. This 21-site asset offers an exceptional blend of immediate cash flow and low-risk upside.
Investment Highlights
- Turnkey Infrastructure: Features city water, city sewer, well-maintained asphalt roads, sidewalks, street lighting, dedicated tenant and guest parking, and secure locking mailboxes. Capital expenditures are minimized with all utilities and roads in excellent condition.
- Low-Maintenance Operations: Clean layout with chain-link fenced home sites, dedicated dumpster enclosures, and a mix of single- and double-wide homes that attract long-term tenants.
- Immediate Value-Add Potential: While current rental income is robust, immediate upside exists through bringing below-market spaces to market rates upon turnover, and implementing a garbage bill-back program to complement the existing submetered water/sewer system.
- Prime Location: Situated in a high-growth area close to major employment hubs, top-tier schools, shopping, and essential everyday services.
Listing Contacts
Listed by Columbia Equity Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$149,437.00
$12,453.08/mo
Valuation Metrics
0
DSCR
8.08%
Cap Rate
8.08%
ROI
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Property History
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