Leisure Manor Estates | 2400 Tacoma Ave
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Leisure Manor Estates 2400 Tacoma Ave
42 Unit Mobile Home Park $3,827,169 CAD ($91,123 CAD/Unit) 7.48% Cap Rate Bridgeport, WA 98813
Executive Summary
Leisure Manor Mobile Home Park
Leisure Manor offers 42 manufactured home lots that are connected to public water and sewer. It offers reliable cash flow and low expenses in an expanding orchard community that fuels Bridgeport’s housing shortage. 39 of the 42 manufactured home lots have 1-year rental agreements and have remained occupied in recent history. The 3 vacant lots include utility hookups for a manufactured home or RV. All lots have individual water meters.
Rents are currently $485/month but will increase to $540/month effective January 1, 2025.
Leisure Manor’s projected NOI for 2025 is $215,036, on $252,720 in revenues and $37,684 in expenses.
There is a drop box of due diligence records that are available for review upon signing of a Nondisclosure Agreement.
Leisure Manor offers 42 manufactured home lots that are connected to public water and sewer. It offers reliable cash flow and low expenses in an expanding orchard community that fuels Bridgeport’s housing shortage. 39 of the 42 manufactured home lots have 1-year rental agreements and have remained occupied in recent history. The 3 vacant lots include utility hookups for a manufactured home or RV. All lots have individual water meters.
Rents are currently $485/month but will increase to $540/month effective January 1, 2025.
Leisure Manor’s projected NOI for 2025 is $215,036, on $252,720 in revenues and $37,684 in expenses.
There is a drop box of due diligence records that are available for review upon signing of a Nondisclosure Agreement.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,827,169 CAD | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $91,123 CAD | Apartment Style | Single Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.48% | Lot Size | 13.00 AC |
| No. Units | 42 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Price | $3,827,169 CAD |
| Price Per Unit | $91,123 CAD |
| Sale Type | Investment |
| Cap Rate | 7.48% |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 13.00 AC |
| No. Stories | 1 |
| Year Built | 1950 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+0 | 42 | $765.43 CAD | - |
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zoning
| Zoning Code | 1 (MOBILE HOME PARK GRANDFATHER ZONING walt@olsenpropfirm.com) |
| 1 (MOBILE HOME PARK GRANDFATHER ZONING walt@olsenpropfirm.com) |
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Leisure Manor Estates | 2400 Tacoma Ave
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