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Marine RV Park 401 Parkway Dr 66 Unit Mobile Home Park $3,000,000 ($45,455/Unit) 8.83% Cap Rate Rock Island, WA 98850
Investment Highlights
- With the majority of its spaces occupied by long-term residents, Marine RV Park offers investors reliable, recurring income.
- he park includes a blend of 30-amp and 50-amp service, offering flexibility for both long-term tenants and short-term vacationers.
- Located just 15 minutes from Wenatchee, the property benefits from regional tourism, year-round recreation, and a growing local economy.
Executive Summary
Situated in the tranquil community of Rock Island, WA, Marine RV Park offers a unique opportunity to acquire a stabilized RV park asset just outside the high-growth Wenatchee Valley. The park consists of 66 total spaces (36 with 30-amp and 30 with 50-amp service) and is on city water and sewer, providing infrastructure to support a wide range of recreational vehicles.
With most spaces leased to long-term tenants and a few reserved for seasonal or short-term travelers, the property captures the best of both rental models: consistent monthly income with the potential for upside during high-demand travel months.
With most spaces leased to long-term tenants and a few reserved for seasonal or short-term travelers, the property captures the best of both rental models: consistent monthly income with the potential for upside during high-demand travel months.
Property Facts Under Contract
| Price | $3,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $45,455 | Building Class | C |
| Sale Type | Investment | Lot Size | 17.57 AC |
| Cap Rate | 8.83% | Building Size | 23,100 SF |
| No. Units | 66 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2003 |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Zoning | Tourist Commercial - The purpose of the C-T district is to supply sufficient areas arranged in a concentrated form that allow recreational land use activities. | ||
| Price | $3,000,000 |
| Price Per Unit | $45,455 |
| Sale Type | Investment |
| Cap Rate | 8.83% |
| No. Units | 66 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 17.57 AC |
| Building Size | 23,100 SF |
| No. Stories | 1 |
| Year Built | 2003 |
| Opportunity Zone |
Yes |
| Zoning | Tourist Commercial - The purpose of the C-T district is to supply sufficient areas arranged in a concentrated form that allow recreational land use activities. |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
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Marine RV Park | 401 Parkway Dr
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