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 remain well below nearby community rents, creating a clear path for steady rent growth over time, within the limits of Washington’s HB 1217.

SMI Real Estate, Ashley Offensend Broker Licensed in the State of Oregon represented the Seller in this transaction.