303 8th Street, Sultan, WA 98294
- $1,250,000
Listing courtesy of Windermere Real Estate/HLC. Selling Office: Windermere R.E./Snohomish Inc..
- Sold Price
- $1,250,000
- List Price
- $1,650,000
- Status
- SOLD
- MLS#
- 2219836
- Closing Date
- Feb 21, 2025
- Days on Market
- 221
- Annual Tax Ammount
- 6700
Property Description
Great location Mobile Home Park with a duplex. Under market rents. Park owns all mobile homes. All units currently Leased. Proforma CAP rate 6.3+%. Zoning is High Density good for future development. Owners willing to financing with 50% or more down.
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Additional Information
- Community
- Sultan
- Style
- 72 - Mobile Home Park
- Year Built
- 1972
- Roof
- Built-Up, Composition, Metal
- Tax Year
- 2023
- Potential Terms
- Cash Out, Owner Financing
- Driving Directions
- From main st go North on 8th property on the L.
- Other Expenses
- 4375
- Energy Source
- Electric
- Net Operating Income
- $75,925
- Gross Adjusted Income
- $111,000
- Gross Scheduled Income
- $111,000
- Water/Sewer/Garbage Expenses
- $18,000
- Cap Rate
- 4
- Total Expenses
- $32,075
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.