Maplewood Mobile Home Park

Maplewood Mobile Home Park (Status: Available)

2625, Maplewood Ave, Bellingham, WA  98225

Don’t Miss Out On This Incredible Investment In The Rapidly Growing City Of Bellingham, WA! This 11-Unit Mobile Home Park Boasts A Gross Income Of $143,700 And A Net Income Of $111,960, With All Units Currently Rented Below Market Value. The Property Features 9 Mobile Spaces (5 Park-Owned) And A Rambler Duplex, All Connected To City Water And Sewer. Zoned For Multifamily Development, The Proforma Gross Rents Are Projected At An Impressive $178,800 Annually. With A Proforma Cap Rate Of 6.68% And A Net Income Of $147,060 After Increasing Rents And Billing Water, Sewer, And Garbage Costs Back To Tenants, This Is A Fantastic Opportunity You Won’t Want To Miss!

Listing Details

Asset Class: Land
Year Built: 1975
Building Total Square Feet: 3700
Available Lease Space Square Feet: 31363
Number of Floors: 0
Total Parking Spaces: 0
Local Zoning Information: RM

Listing Courtesy of: Real Estate 2000 Corp.

Disclaimer: The information contained in this listing has not been verified by Windermere Real Estate/Whatcom, Inc. and should be verified by the buyer.