3389 Us Highway 101Humptulips, WA 98552

Property Details for 3389 Us Highway 101

Year built

1980

Lot size

9.67 AC

Zone code

G5

Property type

Mobile home & RV parks

APN

761500900000

APU

761500900000

Description

This exceptional investment opportunity presents a well-established mobile home park situated on a spacious 9.67 acres in Humptulips, Washington. The property boasts 12 individual single-wide lots, with 10 currently occupied and generating a consistent monthly rental income of $280 per lot. This translates to a substantial annual revenue stream, providing immediate return on investment. The park is conveniently located at 3389 US Highway 101, offering easy access and visibility. The property features its own well water source, eliminating reliance on municipal water services and potentially reducing operational costs. The remaining two vacant lots offer potential for future expansion and increased revenue generation. This established mobile home park presents a compelling opportunity for investors seeking a stable, cash-flowing asset in a desirable location. The ample land provides room for potential future development or improvements. The current occupancy rate demonstrates a strong demand for this type of housing in the area, suggesting a promising outlook for continued rental income. This turnkey operation requires minimal management, making it an attractive option for both seasoned and novice investors. The asking price of $350,000 represents a significant value for this established and income-producing property. This is a rare chance to acquire a profitable mobile home park with immediate cash flow and significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $141,340,800

  6.5%

  $130,468,440

  7%

  $121,149,264

• Comparable approach

  Method

  Valuation

  Relative Method

  $175,083,920

  Geo Method

  $125,735,240

• Alternative Use

  Use

  Valuation

  Residential

  $130,468,440

  Hospitality

  $119,508,384

  Educational

  $99,429,576

  Medical

  $102,849,112

  Retail

  $154,668,224

Location Insight

City

Humptulips

County

Grays Harbor

State

Washington

Latitude

47.2372

Longitude

-123.946

CBSA code

10140

CBSA name

ABERDEEN, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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