301 South St Centralia, WA 98531
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 301 South St
- Year built
- 1950
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a well-established 55+ mobile home park located at 301 South Street, Centralia, WA, priced at $750,000. The park currently boasts 11 pad sites, with 9 currently occupied and generating rental income. Two additional sites are vacant, presenting immediate potential for increased revenue. A detached shop, previously used as a studio apartment, is currently vacant and could be repurposed or removed to create another rental pad. A significant gap in the park, where a house once stood, also offers the possibility of adding more rental spaces, significantly increasing the park's income potential. The property also includes a separately rented house, adding to the overall income stream. Tenants are responsible for their own mobile homes, with the park collecting space rent. This property offers a strong existing cash flow with significant upside potential for expansion and increased profitability. The location in Centralia, WA provides a stable market for this type of investment. This is a rare opportunity to acquire a well-maintained mobile home park with immediate income and substantial room for growth. The property is being sold as-is. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Centralia
- County
- Lewis
- State
- Washington
- Longitude
- -122.963
- Latitude
- 46.7043
