971-344-0737
290 Granat Rd, Port Orchard, WA for Sale
Manufactured Housing/Mobile Housing - FOR SALE
1/8
null | Request Cap Rate

290 Granat Rd
Port Orchard, WA 98366


HIGHLIGHTS

  • Strong employment drivers
  • Attractive alternative asset class
  • Convenient access with immediate connectivity
  • High demand for affordable housing

OVERVIEW

JLL, as an exclusive advisor, is pleased to present the opportunity to acquire Heritage Mobile Home Park (the “Property”), a 5.49-acre manufactured housing community situated in Port Orchard, Washington. The offering consists of a community with 25 manufactured homes, currently 100% occupied. The Property is conveniently situated alongside Hwy 16, the primary north/south arterial connecting it to Port Orchard and Downtown Tacoma. Offering residents a plethora of nearby recreation options while being situated among everyday necessities. This asset has demonstrated strong occupancy stability and year-over-year rent growth. Future owners stand to capitalize on significant rental upside, given the submarket’s strong in-migration and lack of new supply. Based on comparable market rents, near-term rent growth is accelerating due to the limited new supply resulting from challenges in obtaining the proper zoning and necessary entitlements for similar housing communities.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

25

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heritage Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.49 AC

LAND SF

239,144 SF

ZONING

Residential (R3)

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

971-344-0737

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971-344-0737

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