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Carlsborg Mobile Estates 491 Mill Rd 52 Unit Mobile Home Park $6,000,000 ($115,385/Unit) 5.75% Cap Rate Sequim, WA 98382
INVESTMENT HIGHLIGHTS
- Filling The Critical Housing Gap: 7.1M Affordable Housing Unit Shortage
- Resilient Asset Class with Strong Tailwinds
- Attractive Alternative Asset Class
- Discount to Alternative Housing Options
- Durable In-Place Income
EXECUTIVE SUMMARY
JLL, as the exclusive advisor, is pleased to present the opportunity to acquire Carlsborg MHC, an all-age manufactured housing community located in Sequim, WA in Clallam County. As part of the Washington A-Pack Portfolio totaling 195 sites across Northwest and Central Washington, Carlsborg MHC comprises 52 fully occupied tenant-owned homes with 100% occupancy, showcasing exceptional stability and strong resident pride of ownership. The community delivers affordable living with an average monthly lot rent of $625 and includes one single-family residence, adding further income diversity. Residents benefit from a comprehensive utility package with well water and on-site septic included, while electricity is billed directly through municipal service, and trash and cable are provided locally. Offering a convenient and well-managed living environment, Carlsborg MHC stands out as a turnkey investment opportunity that combines reliable performance, complete occupancy, and affordability in a market increasingly driven by demand for cost-effective housing alternatives outside major metropolitan areas and markets.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $6,000,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $115,385 | Building Class | C |
| Sale Type | Investment | Lot Size | 10.10 AC |
| Cap Rate | 5.75% | Building Size | 439,956 SF |
| Gross Rent Multiplier | 5.21 | Average Occupancy | 100% |
| No. Units | 52 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1930 |
| Zoning | CR-II | ||
| Price | $6,000,000 |
| Price Per Unit | $115,385 |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| Gross Rent Multiplier | 5.21 |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 10.10 AC |
| Building Size | 439,956 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1930 |
| Zoning | CR-II |
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Carlsborg Mobile Estates | 491 Mill Rd
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