Anyone Buying or Looking in Washington State?

mobile home university
1

Looking at a 2-3 Star park in Washington State.

36 Lots (Tightly put together)
100% Occupied
$420/mo lot rents
City Water/Sewer included in rents

Good Metro area: 250k+ Population, $200k+ Avg Home price

Under Contract between 900k-1M

Should be about a 11-12 Cap, although there isn’t much additional upside besides submetering

Any special cautions for Washington state or Suggestions with the park?

2

Need to give 3 month notice on rental increases is probably one of the bigger things I learned up here. Where is it located could potentially go higher on the lot rent.

3

Great to know! Thanks Heat685

4

Are you looking to assign or want a partner? Ive got buyers.