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165 Cypress Ave 9 Unit Mobile Home Park For Sale Snohomish, WA 98290
INVESTMENT HIGHLIGHTS
- Desirable location in downtown Snohomish with numerous nearby amenities including restaurants and business services
- Opportunity to sub-meter utilities and implement utility expense recapture
- Walking distance to local restaurants, grocery & drug stores, schools, and transit
- Significant rental upside and other revenue sources such as Laundry service for the Property.
- Close proximity to nearby local parks and attractions
- Land bank & development opportunity - Potential for up to 5 stories with purchase of TDR Credits
EXECUTIVE SUMMARY
Mountain View Trailer Park is a 9 space all-age community, comprised of all single wide homes, situated on .91 acres of land zoned Pilchuck Center. which is immediately adjacent to the 12.9 acre Pilchuck Park that offers public use of sport fields & courts, water access, and other recreational amenities The property features city water & sewer. Originally constructed in 1968, Mountain View Trailer Park is 100% occupied and consists of 8 park owned homes and 1 tenant owned home. The property offers investors the opportunity to keep operating as a rental home model and further increase rents to market, or renovate the existing homes and bring those to market while operating as a land leased community and recapturing utility expense.
PROPERTY FACTS
| Sale Type | Investment | Building Size | 6,054 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1968 |
| Building Class | C | Parking Ratio | 1.49/1,000 SF |
| Lot Size | 0.84 AC | ||
| Zoning | HO - Pilchuck Center, Height Overlay | ||
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 0.84 AC |
| Building Size | 6,054 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1968 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | HO - Pilchuck Center, Height Overlay |
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165 Cypress Ave
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