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Browse More Listings in Multifamily For Sale, Ellensburg, WA or Washington

Multifamily Property For Sale

Hillcrest Mobile Home Park and Apartments

905 W. Cascade Court, Ellensburg, WA 98926

Price:
$1,000,000
No. Spaces:
68
Price/Space:
$14,705.88
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
6.90%
Occupancy:
75%
Lot Size:
11.50 AC
Find Out More...

Last Verified 11/21/2009 Listing ID 15770297

Description

PRICE REDUCTION, OWNER MOTIVATED TO SELL NOW.
Investors/Developers Mobile Home Park plus 4 acre adjacent parcel zoned multi-family residential. Owner will carry.

Hillcrest Mobile Home Park in Ellensburg Washington is an established community on approx. 8 acres with 60 spaces, 7 apartments, one house, two laundry rooms and an office.

This is a great opportunity for the right owner who is willing to "dig-in" and get their hands dirty. With a little TLC and the addition of a few new tenants you can expect a Cap rate of over 11%.

Operate the park for a profit and develop the adjacent land yourself or sell it to a developer for a quick return. Your choice.

Call or email for complete financials and offering terms.

Central Washington, 100 miles SE from Seattle on I-90. Near the newly developed resort of Suncadia (CleElum, Roslyn area) Primary industries are Agriculture and Central Washington University. Ellensburg hosts one of the nations top ranked Rodeo events as well as annual Jazz and art shows. The sorrounding area supports many outdoor activities. Nearest large city is Yakima, 30 miles. Has all major retailers, WalMart, HD, Lowes, Office Depot Etc.

Financial Summary

Space Mix Information

Debt & Equity Information

Actual
Net Operating Income
$75,600

Description	No. Spaces	Avg. Mo. Rent
Single Wide	55	$250
Double Wide	5	$300
Apartments	7	$500
House	1	$650

Map of 905 W. Cascade Court, Ellensburg, WA 98926 (Kittitas County)

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Presented by

Croaker Investments, LLC

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Contact Listing Broker

Royce Jones (949) 235-9993

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Created 6/23/2008

Additional Information for 905 W Cascade Court, Ellensburg, WA 98926

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Hillcrest Mobile Home Park and Apartments

905 W. Cascade Court, Ellensburg, WA, 98926