REQUEST A TOUR
Listed by:Real Estate 2000 Inc. • David M. Hilbert
$ 1,599,900
Est. payment /mo
Active
1907 Olympic HWY N Shelton, WA 98584
1.1 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Mountain View
MLS Listing ID 2503544
Style 72 - Mobile Home Park
Lot Size 1.100 Acres
Property Sub-Type Commercial Industrial
Property Description
Welcome to Mountain View Park, located at 1907 Olympic Highway N, Shelton, WA 98584. $217,392 Gross Proforma, $116,992 Net Proforma, and a 6.496% Proforma Cap Rate. Net income has strong upside potential through sub-metering water and power, passing through garbage expenses, and transitioning to self-management. Current proforma assumes lease-up of vacant units and a 5% rent increase effective March 1, 2026 on 25 occupied units. The park includes 31 total units with city water and sewer: 30 mobile, RV, and cottage rentals, plus an office building with conversion potential. Currently, 25 units are rented, with 5 vacant units available to lease. Some vacant units require improvements before becoming operational. Don't miss this excellent opportunity to own an income-generating property with significant upside. Please view with discretion and do not disturb tenants. Thank you for your understanding.
Location
State WA
County Mason
Area 175 - Shelton
Interior
Fireplace false
Building
Sewer Available
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.tourfactory.com/idxr3239800
"Three Trees" icon indicates a listing provided courtesy of NWMLS.