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Listing Firm: Agile Property Management LLC: Alison E. West

Bought With: ZNonMember-Office-MLS : Non Member ZDefault

SOLD On February 1, 2024
NWMLS # 2161199

$650,000

  • Sold Price
  • - Beds
  • - Baths
  • - Sq.ft.

1505 E 375 Caines St , Moses Lake, WA 98837

Listings with the three tree icon are courtesy of NWMLS

About This Property

Mobile Home Park with 12 tenant owned homes and 2 vacant pads. Park currently pays for Water, Sewer and Garbage. Tenants pay for their own electric usage. The MHP is comprised of 3 adjacent tax parcels along with the Tenant Leases and the WA state license for the MHP. The 2 vacant pads offer a value add opportunity. At the current rents, each pad will bring in $5700/yr offering a boost to the NOI (to $75,896). At the offered 8.6 cap rate, the new value would be $882,511. The total sq ft of the 3 lots included in the sale is 27046 or approximately .62 acres. Note: Listing Broker is Owner/Operator.

Buyer's Agent: Non Member ZDefault • ZNonMember-Office-MLS

Listed by: Alison E. West • Agile Property Management LLC

Aris360 Last Checked: 2 Minutes Ago (Jul 17, 2025 01:39 PM)

  • Source: NWMLS as Distributed by MLS Grid #2161199

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 375 Caines St
  • Zip/Postal Code: 98837
  • City: Moses Lake

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Property Features

  • County
    • Moses Lake
  • Community
    • 298 - North Moses Lake
  • MLS Area
    • 298 - North Moses Lake
  • Longitude
    • -119.252034
  • Latitude
    • 47.130224
  • Directions
    • use Google or maps. Park is across the street from Ziggy's lumbar yard. Drive throughs are welcome. Please do not disturb tenants.

  • Style
    • 72 - Mobile Home Park
  • Topography
    • Level
  • Elevation
    • Feet
  • Water Source
    • Private,
  • Septic or Sewer
    • Sewer Connected,

  • Possession
    • Closing,
  • Property Type
    • Commercial Sale
  • Property SubType
    • Commercial Industrial
  • Tax Year
    • 2023
  • Structure Type
    • Single Family,
  • Tax Amount
    • $2359.18
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Thu Jul 17 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Jul 17, 2025 01:39 PM