Skagit Valley Manufactured Home
For Sale
$23,500,000
Pending
1400 30th St, Mount Vernon, WA 98273
172 lots with public utilities and strong occupancy history.
Property SizeContact for details
Days on Market611
Property Features for 1400 30th St
General Information
Standard status
Pending
Property subtype
Commercial
Listing Agency:
OLSEN COMMERCIAL PROPERTIES LLC
(206) 478-2380
Listed By:
WALTER OLSEN
Source:
Corcoran
Added: Dec 6, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:46AM
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 OLSEN COMMERCIAL PROPERTIES LLC
Investment Insights
Based on property information with market context.
Skagit Valley offers 172 manufactured home lots, constructed in 1986 and 1992. The lots are connected to public water and sewer. The property has never been for sale previously. The lots are 100 percent occupied and have remained so in recent history. Rents range from $695 to $740 per month. Tenants pay an additional monthly charge for water, sewer, and trash removal. The 2024 revenues are $1,801,743 and are budgeted at $1,853,343 with this year's rent increase. The NOI for 2024 was $1,113,303. In place NOI with the 2025 rent increase is $1,164.093 (4.5 CAP on 2024's expenses).
Key Highlights
- 100% Occupancy: Enjoy peace of mind with a history of consistent full occupancy.
- Strong Revenue: Substantial 2024 revenues of $1,801,743, with a budgeted increase to $1,853,343.
- Significant NOI: Current NOI of $1,113,303, projected to increase to $1,164,093 with the 2025 rent increase.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Explore this area
Business Placement
Demographics for 98273, WA
31,243
Population
11,991
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
87%
High-School Grad
83.9 sq mi
ZIP Area
372
Density / Sq Mi
$74,247
Median Household Income
$42,168
Median Earnings
$1,171
Median Rent
$448,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - 172 lots with public utilities and strong occupancy history.
Where is this mobile home & rv park located?
The property is located at 1400 30th St Mount Vernon, WA.
What is the asking price?
The asking price for this property is $23,500,000.
What are key features of this property?
This property features: 100% Occupancy: Enjoy peace of mind with a history of consistent full occupancy.; Strong Revenue: Substantial 2024 revenues of $1,801,743, with a budgeted increase to $1,853,343.; Significant NOI: Current NOI of $1,113,303, projected to increase to $1,164,093 with the 2025 rent increase.
