21021 old highway 9 SW, Centralia, WA 98531
21021 old highway 9 SW, Centralia, WA 98531
21021 old highway 9 SW, Centralia, WA 98531
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Josh Barnard

Josh Barnard

+1(253) 677-5765
Listed by:COMPASS • Erich Bubbel
$2,200,000
Est. payment /mo
29 Beds
25 Baths
89,289 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 89,289 sqft

Price per Sqft $24

Subdivision Grand Mound

MLS Listing ID 2522085

Style 56 - 10+ Units

Bedrooms 29

Year Built 1940

Annual Tax Amount $5,415

Lot Size 2.050 Acres

Lot Dimensions 89,298

Property Sub-Type Multi Family

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.

Location

State WA

County Lewis

Area 426 - Centralia

Interior

Flooring See Remarks

Fireplace false

Exterior

Exterior Feature See Remarks

Amenities Available RV Parking

Waterfront Description Low Bank

View Y/N No

Roof Type See Remarks

Building

Sewer Septic Tank

New Construction No

Schools

School District Centralia

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Josh Barnard

Josh Barnard

+1(253) 677-5765

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