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Mobile Home Park

Silverbrook MH & RV Park

626 Silverbrook Rd, Randle, WA 98377

Listing Price: $875,000

Cap Rate
5.24%
Number of Spaces
24
Lot Size
3.70 acres
Occupancy
95.0%
Price/Space
$36,458
Spaces/Acre
6.49
Year Built
1927

Investment Overview

Marcus & Millichap is pleased to present Silverbrook RV & Mobile Home Park located in Randle, WA. The park is located off of Hwy 12 in Lewis County, Washington, and consists of mobile homes, RVs, storage sites, and three apartment units. Rents for the mobile home and RV sites range from $275 to $300, and there are several park-owned units achieving $500 rents. The Northwest is experiencing an unprecedented demand for rental units, and area demand is strong for affordable housing consistent with area income. Randle, Washington is an unincorporated community nestled in the heart of Cascade country and conveniently located ~120 miles from Portland & 105 miles from Seattle. Area schools include White Pass Junior/Senior High School and White Pass Elementary School. A general store, bar & grill, golf course, and espresso stand are all located within a 5-minute drive of the park.

Investment Highlights

  • State of Washington has no rent control; Upside in the form of increasing current rents to market level
  • Strong location just off Interstate 12 - Equidistant from Portland, OR and Seattle, WA
  • Ideal opportunity for multiple Buyer profiles, including cash Buyers, 1031 exchange Buyers, and less experienced Buyers entering the MHP space

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Mobile Home Park

Silverbrook MH & RV Park

Listing Price: $875,000

Cap Rate
5.24%
Number of Spaces
24
Lot Size
3.70 acres
Occupancy
95.0%
Price/Space
$36,458
Spaces/Acre
6.49
Year Built
1927

Investment Highlights

  • State of Washington has no rent control; Upside in the form of increasing current rents to market level
  • Strong location just off Interstate 12 - Equidistant from Portland, OR and Seattle, WA
  • Ideal opportunity for multiple Buyer profiles, including cash Buyers, 1031 exchange Buyers, and less experienced Buyers entering the MHP space

Investment Overview

Marcus & Millichap is pleased to present Silverbrook RV & Mobile Home Park located in Randle, WA. The park is located off of Hwy 12 in Lewis County, Washington, and consists of mobile homes, RVs, storage sites, and three apartment units. Rents for the mobile home and RV sites range from $275 to $300, and there are several park-owned units achieving $500 rents. The Northwest is experiencing an unprecedented demand for rental units, and area demand is strong for affordable housing consistent with area income. Randle, Washington is an unincorporated community nestled in the heart of Cascade country and conveniently located ~120 miles from Portland & 105 miles from Seattle. Area schools include White Pass Junior/Senior High School and White Pass Elementary School. A general store, bar & grill, golf course, and espresso stand are all located within a 5-minute drive of the park.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

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