Building Details

Year Built 1978

Listing Agency: RE/MAX EXTRA, INC.

Listed By: DON GOETHALS · License #3172 Show Phone

Source: Corcoran

Added: Jan 10, 2025 Changed: Jul 6 Last Checked: Jul 23 at 9:12AM

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Investment Insights

Based on property information with market context.

This mobile home community in Elma, Washington, presents an investment opportunity. Located just off Highway 101, the property consists of two cul-de-sacs. The community includes 16 homes, some of which have garages. Additionally, there are three park-owned units that are currently rented out, as well as two RV sites that are fully occupied. One home within the park is also available for sale. The park is responsible for city water and septic services. There is no common area to maintain. Rent increase notices have been properly served, with new rent amounts scheduled to take effect on December 1, 2023. The total monthly income is projected to be $10,315. One tenant receives free rent in exchange for collecting and overnighting rents, as well as performing minor repairs and paperwork. All rents are currently paid in full and up to date. The tax identification numbers for the property are 723500300000, 723500400000, 723500500000, 723500600000, 723500700000, 723500900000, 723501000000, 723501100000, 723501200000, and 723501300000.

Key Highlights

• High monthly income of $10,315.
• Great location just off highway 101 in Elma.
• All rents are paid in full and current.

Property Analytics

Property Profile

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Building Supply Kitchen & Bath Showroom Cafe & Coffee Shop Auto Parts Store Florist Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

57

Businesses Nearby

Explore this area Business Placement

Demographics for 98541, WA

10,509

Population

4,527

Households

2.3

Avg Household Size

42

Median Age

16%

College-Educated

87%

High-School Grad

195.6 sq mi

ZIP Area

54

Density / Sq Mi

$64,659

Median Household Income

$44,457

Median Earnings

$928

Median Rent

$338,000

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this mobile home & rv parks located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Mobile home community investment opportunity in Elma, Washington.

Where is this mobile home & rv park located?

The property is located at 94 Schouweiler Rd Elma, WA.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: High monthly income of $10,315.; Great location just off highway 101 in Elma.; All rents are paid in full and current.