301 South Street, Centralia, WA 98531
- $500,000
Listing courtesy of Wilcox Real Estate. Selling Office: Van Dorm Realty, Inc.
- Sold Price
- $500,000
- List Price
- $650,000
- Status
- SOLD
- MLS#
- 2225282
- Closing Date
- Aug 14, 2025
- Days on Market
- 460
- Annual Tax Ammount
- 4283
Property Description
Here is your opportunity to own your own mobile home park! A 55 and older mobile park with an additional house as well! Tenants own their own mobile homes and pay space rent. There are 11 current pad sites -9 spaces currently rented, 2 spaces vacant and the house is currently rented. There is a large gap in the park where a house once was- put in more pad spaces? Detached shop was once a rented studio apartment that has since been gutted - could be remodeled and rented or torn down for an additional pad site as well. Tons of potential here!
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Additional Information
- Community
- Centralia
- Style
- 72 - Mobile Home Park
- Year Built
- 1950
- Roof
- See Remarks
- Tax Year
- 2024
- Potential Terms
- Cash Out, Conventional
- Driving Directions
- From I5 take exit 82. Turn East on Harrison Ave. Turn right on Yew St. Continue straight to Long Rd. Turn left on South St. Property is on the left.
- Other Expenses
- 18191
- Energy Source
- See Remarks
- Net Operating Income
- $21,476
- Gross Adjusted Income
- $61,674
- Gross Scheduled Income
- $72,634
- Water/Sewer/Garbage Expenses
- $17,721
- Cap Rate
- 3.3
- Vacancy Rate
- 16
- Total Expenses
- $40,195
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.