Bowman Hilton Mobile Home Park

Sales Price: $5,094,257.00

Sales Price: $5,094,257.00
No. Spaces: 76
Price/Space: $67,105
Property Type: Family
Cap Ratio: 6.95%
Net Operating Income: $363,078
Lot Size: 29.65 Acres Acres

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Bowman Hilton Mobile Home Park is a quality 76 space family community located in Puyallup, Washington. The space mix consists of 45 primarily doublewide mobile homes, 31 RV sites and one completely renovated single family 1840 sq. ft. residence. Property covers 29.65 acres and is served by Public water and upgraded private septic.

Mobile home Rents range average $674-$710, RV rents at $480-$495 and the single-family home at $1,600/month. Additional income sources include RV/Boat/Car storage as well as fees collected by Laundry facility. Mobile Home tenants are responsible for Water usage which is sub-metered and billed to Tenants by managers monthly.

The Sellers have spent a significant amount of money over the last years upgrading the septic systems and improving the overall appeal of the park including new clubhouse roof, exterior clubhouse paint, new fencing at main Entrance, etc.

Entrance from Pioneer Way, the main arterial leading east from Highway 512 through Puyallup becomes Bowman Hilton Road to the east of Highway 162. Primary access to Puyallup is off WA-512 from WA-167 that connects to Interstate-5 which runs north and south. Puyallup is less than 45 minutes from Seattle and 2 hours from Portland.