21021 old highway 9 SW, Centralia, WA 98531
- $2,200,000
- 89,289
- SqFt
Listing courtesy of COMPASS.
- List Price
- $2,200,000
- Status
- PENDING FEASIBILITY
- MLS#
- 2522085
- Days on Market
- 91
- Style
- 56 - 10+ Units
- Building Condition
- Fixer
- Finished SqFt
- 89,289
- Area Total SqFt
- 89289
- Annual Tax Ammount
- 5415
- Lot Size (sq ft)
- 89,289
- Sewer
- Septic Tank
Property Description
Grand Mound MH & RV Park | 25-pad mobile home and RV park generating $233,775 NOI at a 10.63% cap rate, with a projected pre-tax cash flow of $103,161 at current rents. The mix includes 10 dry pads with electrical hookups, six park-owned homes, and one stick-built home. The property operates on well water with newly installed equipment and four septic tanks, with an onsite building featuring two bathrooms, laundry, and owner's office. Additional upside through rent increases and 10 large storage units.
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Additional Information
- List Date
- 2026-05-12 21:25:13
- Community
- Grand Mound
- Net Operating Income
- $233,775
- Gross Adjusted Income
- $297,799
- Gross Scheduled Income
- $330,888
- Total Monthly Income
- $27,574
- Insurance Expenses
- $2,691
- Water/Sewer/Garbage Expenses
- $19,907
- Gross Rent Multiplier
- 6.65
- Total Expenses
- $64,024
- Cap Rate
- 10.63
- Vacancy Rate
- 10
- Total Number of Units
- 25
- Unit Name
- 21021
- Potential Terms
- Cash, Conventional
- Year Built
- 1940
- Waterfront
- Yes
- Roof
- See Remarks
- Site Features
- RV Parking
- Other Expenses
- 36011
- Energy Source
- See Remarks
- School District
- Centralia
- Total Monthly Income
- $27,574
- Gross Scheduled Income
- $330,888
- Vacancy Rate
- 10
- Gross Adjusted Income
- $297,799
- Tax Year
- 2026
- Insurance Expense
- $2,691
- W/S/G Expenses
- $19,907
- Total Expenses
- $64,024
- Net Operating Income
- $233,775
- Gross Rent Multiplier
- 6.65
- Cap Rate
- 10.63
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.