Mountain View Park Investment
1907 Olympic Highway N Shelton, WA 98584
For Sale
$1,599,900
Income-generating property with significant upside potential in Shelton, WA.
Days on Market101
Property Features for 1907 Olympic Highway N
General Information
- Standard status
- Active
- Property subtype
- Commercial
Listing Agency:
REAL ESTATE 2000 INC.
(425) 670-2000
Listed By:
DAVID M. HILBERT
Source:
Corcoran
Added: Apr 14
Changed: Jul 10
Last Checked: Jul 23 at 9:25AM
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 REAL ESTATE 2000 INC.
Investment Insights
Based on property information with market context.
Mountain View Park, situated at 1907 Olympic Highway N, Shelton, WA 98584, presents an investment opportunity. The property features 31 units, including 30 mobile, RV, and cottage rentals, along with an office building that offers conversion potential. The park benefits from city water and sewer services. Currently, 25 units are rented, while 5 units are vacant and require improvements before they can be leased. The proforma includes a gross of $217,392 and a net of $116,992, resulting in a 6.496% cap rate. Net income has strong upside potential through sub-metering water and power, passing through garbage expenses, and transitioning to self-management. The current proforma assumes lease-up of vacant units and a 5% rent increase effective March 1, 2026 on 25 occupied units. Viewings should be conducted with discretion, and tenants should not be disturbed.
Key Highlights
- High Net Proforma Income: $116,992
- Significant Upside Potential: Through sub‑metering utilities, passing through expenses, and self‑management.
- Attractive Proforma Cap Rate: 6.496%
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
FAQs
What type of property is this?
Mobile home & RV park - Income-generating property with significant upside potential in Shelton, WA.
Where is this mobile home & rv park located?
The property is located at 1907 Olympic Highway N Shelton, WA.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: High Net Proforma Income: $116,992; Significant Upside Potential: Through sub‑metering utilities, passing through expenses, and self‑management.; Attractive Proforma Cap Rate: 6.496%
