request_info_guest false

Sherwood Hills RV Park

$1,245,000

18281 E State Route 3, Allyn, WA 98524

Active
Last Updated: 03/15/2022

5

Cap Rate

68,633

NOI

Details:
Cap Rate:    5%
NOI:    $68,633
Building Size:    2,589 sqft
Lot Area:    0.82 acres
Occupancy:    100%
Units:    18
Year Built:    1990
Highlights:
  • Attractive/Desirable Location - North Bay/Puget Sound
  • 5.85 Pro Forma Cap Rate on January 2022 Rents plus 2 Expansion Spaces
  • Tenant Owned Homes - 1 Park Model currently rented
  • Seller represents that 2 Additional Spaces can be added with a recently purchased Adjacent Lot that is included in the Sale.
Description:

Built in 1990 and situated 1 block away from North Bay on East State Highway 3, the property is comprised of 11 mobile home/RV spaces, one nightly reserve space, and 4 commercial units. The Seller is also including a recently purchased lot adjacent to the property that may add 2 to 3 spaces to the property. Also included is a laundry room. The property rests on 3 lots comprising a total of approximately 31,799 square feet. The additional lot is approximately 3,920 square feet. Total land is approximately 35,719 square feet.

Allyn is located on Case Inlet and is one of Puget Sounds best-kept secrets for family-friendly recreational retreats. The calm waters of Case Inlet inspire you to kayak, fish, enjoy comforting food from one of the many restaurants, play golf at Lakeland Village Golf Course, or simply relax at the waterfront park.

Map:
Document

Today's Available Mortgage Rates

18281 E State Route 3, Allyn, Washington 98524

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 05/30/2025
BankLender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$4,560 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 49% LTV $0 Lender fees
Loan Amount $710,500 Loan Amount
BankLender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$4,523 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 48% LTV $0 Lender fees
Loan Amount $696,000 Loan Amount
BankLender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$4,566 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 48% LTV $0 Lender fees
Loan Amount $696,000 Loan Amount
Largest Commercial Real Estate Lending
Location