Camelot MHP Investment
For Sale
Contact for pricing
Pending
115 N Camelot Dr Castle, Castle Rock, WA 98611
11-site mobile home community with flexible exit strategies.
Property SizeContact for details
Days on Market163
Property Features for 115 N Camelot Dr Castle
General Information
Standard status
Pending
Property subtype
Mobile Home Park
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$118,942
Building Details
Units
11
Listing Agency:
eXp Commercial
Listed By:
Armand Violi · License #SL3452154
Source:
Crexi
Added: Mar 2
Changed: Aug 8
Last Checked: Aug 11 at 9:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial
Investment Insights
Based on property information with market context.
Camelot MHP is an 11-site mobile home community located in Castle Rock, Washington. The community features eight park-owned homes, two tenant-owned homes, and one rent-to-own home. The average lot rent is $475 per month. The park-owned homes average approximately $965 per month in home rent, in addition to lot rent. All utilities are direct billed to tenants by the city. Each home sits on its own separate parcel. The investment strategy for Camelot MHP involves continuing to stabilize and optimize park-owned home operations while exploring the optionality created by the separate parcel structure. An investor may consider a long-term hold for cash flow, gradual rent growth, or a potential parcel-by-parcel disposition strategy. The seller is offering favorable seller financing terms, requiring 30% down with a three-year term at 5% interest-only payments. This structure provides attractive leverage, strong cash-on-cash return potential, and reduced reliance on institutional lending. A new investor has the opportunity to acquire a low-overhead community in a supply-constrained Washington market with flexible exit strategies and structured financing designed to enhance returns.
Key Highlights
- Favorable seller financing available: 30% down, 3‑year term, 5% interest‑only payments.
- Each home sits on its own separate parcel, offering flexibility for future disposition.
- Low‑overhead operation due to direct utility billing to tenants.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 98611, WA
10,165
Population
3,687
Households
2.8
Avg Household Size
45
Median Age
14%
College-Educated
92%
High-School Grad
136.1 sq mi
ZIP Area
75
Density / Sq Mi
$81,630
Median Household Income
$46,452
Median Earnings
$1,348
Median Rent
$382,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - 11-site mobile home community with flexible exit strategies.
Where is this mobile home & rv park located?
The property is located at 115 N Camelot Dr Castle Castle Rock, WA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Favorable seller financing available: 30% down, 3‑year term, 5% interest‑only payments.; Each home sits on its own separate parcel, offering flexibility for future disposition.; Low‑overhead operation due to direct utility billing to tenants.
