Heritage Mobile Home Park_Property for Sale
Heritage Mobile Home Park_Property for Sale
290 Granat Road, Port Orchard, WA, 98366, US

Heritage Mobile Home Park

Asset Description

JLL, as an exclusive advisor, is pleased to present the opportunity to acquire Heritage Mobile Home Park (the “Property”), a 5.49-acre manufactured housing community situated in Port Orchard, Washington. The offering consists of a community with 25 manufactured homes, currently 96% occupied. The Property is conveniently situated alongside Hwy 16, the primary north/south arterial connecting it to Port Orchard and Downtown Tacoma. Offering residents a plethora of nearby recreation options while being situated among everyday necessities.


This asset has demonstrated strong occupancy stability and year-over-year rent growth. Future owners stand to capitalize on significant rental upside, given the submarket’s strong in-migration and lack of new supply. Based on comparable market rents, near-term rent growth is accelerating due to the limited new supply resulting from challenges in obtaining the proper zoning and necessary entitlements for similar housing communities.

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Attributes

Asking price
CN¥18,832,000
Number of units
25 units
Occupancy
96%
Land area gross
2.22 ha
Zoning
Residential (R3)

Media

Investment Highlights

  • Strong employment drivers
  • Attractive alternative asset class
  • Convenient access with immediate connectivity
  • High demand for affordable housing
Heritage Mobile Home Park 4_Property for Sale
Heritage Mobile Home Park 4_Property for Sale

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Heritage Mobile Home Park (0 Properties)

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Last updated
13 May 2024