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491 Mill Rd
Sequim, WA 98382
Carlsborg Mobile Estates · Multifamily Property For Sale · 439,956 SF

Investment Highlights

  • Filling The Critical Housing Gap: 7.1M Affordable Housing Unit Shortage
  • Resilient Asset Class with Strong Tailwinds
  • Attractive Alternative Asset Class
  • Discount to Alternative Housing Options
  • Durable In-Place Income

Executive Summary

JLL, as the exclusive advisor, is pleased to present the opportunity to acquire Carlsborg MHC, an all-age manufactured housing community located in Sequim, WA in Clallam County. As part of the Washington A-Pack Portfolio totaling 195 sites across Northwest and Central Washington, Carlsborg MHC comprises 52 fully occupied tenant-owned homes with 100% occupancy, showcasing exceptional stability and strong resident pride of ownership. The community delivers affordable living with an average monthly lot rent of $625 and includes one single-family residence, adding further income diversity. Residents benefit from a comprehensive utility package with well water and on-site septic included, while electricity is billed directly through municipal service, and trash and cable are provided locally. Offering a convenient and well-managed living environment, Carlsborg MHC stands out as a turnkey investment opportunity that combines reliable performance, complete occupancy, and affordability in a market increasingly driven by demand for cost-effective housing alternatives outside major metropolitan areas and markets.

Property Facts

Price Per Unit $160,452 CAD
Sale Type Investment
Cap Rate 5.75%
Gross Rent Multiplier 5.21
No. Units 52
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Low-Rise
Building Class C
Lot Size 10.10 AC
Building Size 439,956 SF
Average Occupancy 100%
No. Stories 1
Year Built 1974
Zoning CR - 1500 - M H Courts
  • Listing ID: 38610110

  • Date on Market: 2025-12-01

  • Last Updated:

  • Address: 491 Mill Rd, Sequim, WA 98382

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