Elm Grove Mobile Home Park

Elm Grove Mobile Home Park is a 20-space community in Warden, WA. The property is ~95% occupied with reliable collections and operating expenses running at roughly 20% of income, making it a very efficient park to own. Current average rents of about $340/month remain well below nearby communities ($498–$695/month), creating a clear path for steady rent growth over time, within the limits of Washington’s HB 1217.

The current owner is offering attractive seller financing at 5% interest, 30-year amortization, 20 year term, and is open to negotiating the down payment. This structure gives buyers a chance to step into strong cash flow with built-in rent growth potential, while also securing favorable debt terms.

At today’s operations, Elm Grove is producing an in-place yield near 8.13%, which is materially higher than most comparable sales across Washington and Oregon.