94 Schouweiler Road, Elma, WA 98541
- $1,500,000
Listing courtesy of RE/MAX Extra Inc.. Selling Office: RE/MAX Extra Inc..
- Sold Price
- $1,500,000
- List Price
- $1,800,000
- Status
- SOLD
- MLS#
- 2431916
- Closing Date
- Dec 05, 2025
- Days on Market
- 53
- Annual Tax Ammount
- 3304
Property Description
Great investment opportunity. Mobile Home Community in Elma, just off highway 101-great location on a dead end road made up of two cul-de-sacs. 16 homes (some with garages). Includes 3 Park-owned units which are rented out (included in purchase - or possibly sell to tenants) + 2 RV sites, which are full + 2 homes on owner financing - all included. Park has total of 10 tax parcels. Park pays city water and septic. No common area to upkeep. Total monthly income $11,868. All rents are paid in full and current. New rent increase notices have been served and go into effect on December 1, 2025 For additional 600 a month will raise to an impressive 8 CAP. Don't miss out! All tenants are current and pay timely.
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Additional Information
- Community
- Elma
- Building Condition
- Average
- Style
- 72 - Mobile Home Park
- Year Built
- 1978
- # of Assigned Spaces
- 48
- Roof
- Metal
- Tax Year
- 2025
- Potential Terms
- Cash Out, Conventional, Owner Financing
- Driving Directions
- Heading South on I-5 | Head W on Hwy 101 | Head West on SR 8 | Take Schouweiler Rd Exit in Elma| Take Left at off ramp | at "T" make a Right | Park is first 2 cul-de-sacs on right
- Other Expenses
- 5885
- Net Operating Income
- $127,374
- Gross Adjusted Income
- $149,004
- Gross Scheduled Income
- $149,004
- Water/Sewer/Garbage Expenses
- $8,583
- Cap Rate
- 7
- Total Expenses
- $21,625
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.