2400 Tacoma Ave - Manufactured Housing/Mobile Housing FOR SALE


Bridgeport, WA 98813
$2,700,000 USD
206-478-2380
2400 Tacoma Ave, Bridgeport, WA for Sale
$2,700,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/17

2400 Tacoma Ave
Bridgeport, WA 98813


OVERVIEW

Leisure Manor Mobile Home Park Leisure Manor offers 42 manufactured home lots that are connected to public water and sewer. It offers reliable cash flow and low expenses in an expanding orchard community that fuels Bridgeport’s housing shortage. 39 of the 42 manufactured home lots have 1-year rental agreements and have remained occupied in recent history. The 3 vacant lots include utility hookups for a manufactured home or RV. All lots have individual water meters. Rents are currently $485/month but will increase to $540/month effective January 1, 2025. Leisure Manor’s projected NOI for 2025 is $215,036, on $252,720 in revenues and $37,684 in expenses. There is a drop box of due diligence records that are available for review upon signing of a Nondisclosure Agreement.

FOR SALE DETAILS

PRICE

$2,700,000 USD

# OF UNITS

42

PRICE/UNIT

$64,286

CAP RATE

7.48%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Leisure Manor Estates

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13 AC

LAND SF

566,280 SF

ZONING

1

APN/PARCEL ID

02-70-00-06302,02501500300,02501500400,02501500700,02501501700,02501600000,02501700000,02501801200,02700006100,02700006301

ASK ABOUT THIS PROPERTY

Walt OlsenOlsen Properties, LLCMore Info
206-478-2380

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Walt OlsenOlsen Properties, LLCMore Info
206-478-2380

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.