1004 138th Street S, Tacoma, WA 98444

$2,600,000
14,000
SqFt

Listing courtesy of RE/MAX Extra Inc..

List Price
$2,600,000
Status
ACTIVE
MLS#
1823489
Days on Market
160
Style
56 - 10+ Units
Building Condition
Good
Finished SqFt
14,000
Area Total SqFt
14000
Lot Size (sq ft)
48,000

Property Description

Brookdale Mobile Home Park with 17 units. This includes a commercial leased building on the corner and separate stick built house. Storage room with half bath along with 14 mobile homes and one RV space. Most units are 2 bedroom. Most tenants are very long term, some over 25 years. Most mobiles have been remodeled with new cabinets, granite counters, carpet, laminate, and vinyl windows - plus new appliances. Updated electrical & plumbing. Most have new roofs. All units have covered carport parking, shed, and small yard. Property maintained by landscaper. Park also has coin-op laundry room & locking mailboxes. Walk to nearby public bus transit. MHP has great cash flow. All tenants are current on rents. Great opportunity for an investment.

Additional Information

List Date
2021-08-17 00:55:09
Community
Brookdale
Potential Terms
Cash Out, Conventional, Owner Financing
Year Built
1964
Roof
Composition, Metal, See Remarks
Site Features
Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Outbuildings, RV Parking, Shop
Heating/Cooling Type
Forced Air
Electric Expenses
600
Other Expenses
18365
Energy Source
Electric
School District
Franklin Pierce
Elementary School
Brookdale Elem
Middle School
Perry G Keithley Mid
High School
Wash High
Total Monthly Income
$20,625
Gross Scheduled Income
$247,500
Gross Adjusted Income
$247,500
Tax Year
2021
Insurance Expense
$3,571
W/S/G Expenses
$23,638
Total Expenses
$62,310
Net Operating Income
$185,190
Gross Rent Multiplier
11
Cap Rate
7
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