$1799900
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Bed
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Bath
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0 SqFt
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1 DOM
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Built:
- Status: Active
Love this home?
Srinivas Kasam
CEO & Founder
(650)533-3259Welcome to Mountain View Park, located at 1907 Olympic Highway N, Shelton, WA 98584. $217,392 Gross Proforma, $116,992 Net Proforma, and a 6.496% Proforma Cap Rate. Net income has strong upside potential through sub-metering water and power, passing through garbage expenses, and transitioning to self-management. Current proforma assumes lease-up of vacant units and a 5% rent increase effective March 1, 2026 on 25 occupied units. The park includes 31 total units with city water and sewer: 30 mobile, RV, and cottage rentals, plus an office building with conversion potential. Currently, 25 units are rented, with 5 vacant units available to lease. Some vacant units require improvements before becoming operational. Don’t miss this excellent opportunity to own an income-generating property with significant upside. Please view with discretion and do not disturb tenants. Thank you for your understanding.
Listing Provided Courtesy of David M. Hilbert, Real Estate 2000 Inc.
General Information
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NWM2503544
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Commercial Industrial
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1 DOM
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1.1 acres
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0
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Mason
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Commercial Sale
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Commercial Industrial
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Listing Provided Courtesy of David M. Hilbert, Real Estate 2000 Inc.
Kasamestates data last checked: Apr 15, 2026 18:11 | Listing last modified Apr 14, 2026 18:58,
Source:
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