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6208 202nd St SW - Medo-Lyn Mobile Ranch 750 SF Specialty Building Offered at $5,880,000 at a 4.90% Cap Rate in Lynnwood, WA 98036
Investment Highlights
- 50-site manufactured housing community
- Consists of 100% resident-owned homes
- First time on the market in 53 years
- Fully occupied community
- Stable, sticky tenancy
- Held by the same family since 1973
Executive Summary
Medo-Lyn Mobile Ranch is being offered for sale for the first time in 53 years. Held by the same family since 1973, the community has been operated as a stable, hands-on family business for more than five decades — a continuity of ownership that is exceedingly rare in today's manufactured housing market. That stewardship shows in the asset's performance: the park is fully occupied, the rent roll has remained stabilized across ownership's tenure, and tenancy issues have been minimal, reflecting a long-tenured resident base of entirely owner-occupied homes with deep ties to the community.
Property Facts
| Price | $5,880,000 | Building Class | C |
| Price Per SF | $7,840 | Lot Size | 4.57 AC |
| Sale Type | Investment | Building Size | 750 SF |
| Cap Rate | 4.90% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1955 |
| Property Subtype | Trailer/Camper Park | Opportunity Zone |
Yes
|
| Zoning | LI | ||
| Price | $5,880,000 |
| Price Per SF | $7,840 |
| Sale Type | Investment |
| Cap Rate | 4.90% |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | C |
| Lot Size | 4.57 AC |
| Building Size | 750 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Opportunity Zone |
Yes |
| Zoning | LI |
Amenities
- Property Manager on Site
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
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Contact the Sale Advisor
6208 202nd St SW - Medo-Lyn Mobile Ranch