8412 38th St E - Cherry Wood Mobile Home Community 10.07 Acres of Residential Land Offered at $12,000,000 in Edgewood, WA 98371

JLL, as the exclusive advisor, is pleased to present the opportunity to acquire Cherry Wood MHC, an all-age manufactured housing community located in Edgewood, WA. As part of the Washington 4-Pack Portfolio totaling 195 sites across Northwest and Central Washington, Cherry Wood MHC offers 84 sites with 95% occupancy, demonstrating consistent performance and resident stability. The community features average monthly lot rents of $945, providing attractive, market-supported income within a supply-constrained region. Residents benefit from a full range of utilities, including well water and on-site septic—both included—while electricity is billed directly through municipal service, and trash and cable are locally provided, ensuring operational efficiency and convenience. With its established tenancy, strong fundamentals, and desirable all-age setting in the growing Edgewood market, Cherry Wood MHC represents a compelling investment opportunity combining dependable cash flow, minimal management intensity, and meaningful exposure to Washington's expanding affordable housing sector.