Park Plaza Mobile Home Park

Sales Price: $3,000,000.00

Sales Price: $3,000,000.00
No. Spaces: 63
Price/Space: $47,619
Property Type: Family
Cap Ratio: 7.35%
Net Operating Income: $241,309
Lot Size: 6 Acres Acres

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63 space family park located in Longview, WA. The park covers approximately 6 acres and was built in 1967. The park contains 32 Doublewide units/ 31 Singlewides and is serviced by city utilities. Park is metered; Tenants are responsible for water and sewer charges.Current rents are $360 for Singlewides/ $365 for Doublewides. There is a rent increase that has been served that goes into effect starting January 2015, according to lease anniversaries.

Access to the property is provided from State Route 4, which connects to Interstate 5. The Park is an hour away drive from Portland, OR and 2 hour drive from Seattle, WA.

Longview lies in Cowlitz County which has a population of 36,648 as of 2010 and is the largest city in Cowlitz County. The city is located in southwestern Washington, at the junction of the Cowlitz and Columbia rivers. Longview shares a border with Kelso to the east, which is the county seat.