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491 Mill Rd
Sequim, WA 98382
Carlsborg Mobile Estates · Multifamily Property For Sale
·
439,956 SF


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.
Property Facts
| Price Per Unit | $115,385 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.75% | Lot Size | 10.10 AC |
| Gross Rent Multiplier | 5.21 | Building Size | 439,956 SF |
| No. Units | 52 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1974 |
| Zoning | CR - 1500 - M H Courts | ||
| 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 |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 10.10 AC |
| Building Size | 439,956 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1974 |
| Zoning | CR - 1500 - M H Courts |
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