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

Multifamily Property - Off Market

PRIME 48 UNIT GATED COMMUNITY - 100% OCCUPANCY!!!!

402 East 10th Ave, Kennewick, WA 99336

Price:
N/A
No. Spaces:
48
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
8%
Occupancy:
100%
No. Stories:
1
Year Built:
1998
Lot Size:
5 AC
Parking Ratio:
2 / 1,000 SF

Last Verified 5/13/2009 Listing ID 16058238

Highlights

5 acre site with CITY UTILITIES!
Total Renovation! Gated Community with HIGH CURB APPEAL!
Prime market location.

Highly experienced management in place! Turn-Key Operation.
Over $300k in Annual Revenues! Awesome Cash Flowing Commercial Property!
100% Occupancy Rate! Active list of tenants on waiting list!

Description

Prime 48 unit gated manufactured home community. Totally renovated over last two years. 100% occupancy rate. Prime 8% CAP Rate. Excellent management team in place. Over $300k in annual revenues. Awesome cash flowing commercial property. Market rate will support $54k rent increase now! Turn-key operation. Financing available with 30% down payment. Serious - Capable buyers only.

Located in prime rental market in Washington State. Being sold in-house. Your Buyer Pays Your Fee) Email to receive complete offering memorandum which will include actual location. I will be showing this property on the 20th of January. Email to schedule an appointment. Lots of interest - don't wait - this is going to sell fast.

Map of 402 East 10th Ave, Kennewick, WA 99336 (Benton County)

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Created 1/14/2009

Additional Information for 402 E 10th Avenue, Kennewick, WA 99336

Active For Sale - 0 Listing
Active For Lease - 0 Listing
Previously Listed - 1 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 - PRIME 48 UNIT GATED COMMUNITY - 100% OCCUPANCY!!!!

402 East 10th Ave, Kennewick, WA, 99336