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3020 E College Way
Mount Vernon, WA 98273
Skagit Valley Mobile Manor · Land For Sale
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29.88 AC
Property Facts
| Property Type | Land | Total Lot Size | 29.88 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Manufactured Homes or Mobile Home Park |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Manufactured Homes or Mobile Home Park |
| Total Lot Size | 29.88 AC |
| No. Stories | 1 |
Description
Skagit Valley offers 172 manufactured home lots which are connected to public water and sewer. It was constructed in 1986 and 1992 and has never been for sale. The lots are 100 percent occupied and have remained so in recent history. Rents range from $695 to $740 per month, with the tenants paying an additional charge each month for water, sewer and trash removal. Skagit Valley's 2024 Revenues are $1,801,743, and are budgeted at $1,853,343 with this year's rent increase. NOI for 2024 was $1,113,303. In place NOI with the 2025 rent increase is $1,164.093 (4.5 CAP on 2024's expenses). There is a DropBox of financial and due diligence records that are available for review upon signing of a Nondisclosure Agreement.
Property Taxes
| Parcel Number | P123065 | Improvements Assessment | $4,500 |
| Land Assessment | $544,200 | Total Assessment | $548,700 |
Property Taxes
Parcel Number
P123065
Land Assessment
$544,200
Improvements Assessment
$4,500
Total Assessment
$548,700
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