Sherwood Hills RV Park

$1,245,000

18281 E State Route 3, Allyn, WA 98524

For Sale

Multifamily Mobile Home RV Community

Active

Last Updated: 03/15/2022

Details:

Cap Rate: 5%

NOI: $68,633

Building Size: 2,589 sqft

Lot Area: 0.82 acres

Occupancy: 100%

Units: 18

Year Built: 1990

Offered by

Luis Vazquez

Senior Vice President

SperryCGA

#BRE #00841513

Request Info to Unlock

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.