301 South Street, Centralia, WA 98531

$845,000
1,833
SqFt

Listing courtesy of Wilcox Real Estate.

List Price
$845,000
Status
ACTIVE
MLS#
2223318
Price Change
▼ $100,000 1723264760
Days on Market
172
Style
55 - 5-9 Units
Finished SqFt
1,833
Area Total SqFt
1833
Annual Tax Ammount
5364.37
Lot Size (sq ft)
60,983
Sewer
Sewer Connected

Property Description

Here is your opportunity to own your own mobile home park! A 55 and older mobile park with an additional house as well! Tenants own their own mobile homes and pay space rent. There are 11 current pad sites -9 spaces currently rented, 2 spaces vacant and the house is currently rented. There is a large gap in the park where a house once was- put in more pad spaces? Detached shop was once a rented studio apartment that has since been gutted - could be torn down for an additional pad site as well. Tons of potential here!

Additional Information

List Date
2024-05-15 12:48:47
Community
Centralia
Net Operating Income
$33,299
Gross Adjusted Income
$67,764
Gross Scheduled Income
$78,924
Total Monthly Income
$5,182
Insurance Expenses
$870
Water/Sewer/Garbage Expenses
$18,542
Gross Rent Multiplier
13.24
Total Expenses
$34,464
Cap Rate
0.03
Vacancy Rate
18
Total Number of Units
6
Unit Name
301
Potential Terms
Cash Out, Conventional
Year Built
1950
Roof
See Remarks
Site Features
Fenced-Partially, Shop
Other Expenses
9687
Energy Source
See Remarks
School District
Centralia
Total Monthly Income
$5,182
Gross Scheduled Income
$78,924
Vacancy Rate
18
Gross Adjusted Income
$67,764
Tax Year
2023
Insurance Expense
$870
W/S/G Expenses
$18,542
Total Expenses
$34,464
Net Operating Income
$33,299
Gross Rent Multiplier
13.24
Cap Rate
0.03
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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