Young's Mobile Home Park Sold for $5.1 Million
There are two mobile home parks in the City of Mountlake Terrace and the larger of the two just sold for $5.1 million. Young’s Mobile Home Park is two pieces of property generally located north and south of 242nd St SW between 56th Ave W and 54th Ave W. In total, the property is 6.48 acres and appears to contain close to 70 mobile homes and two single family homes built in 1953 and 1960. It appears as if
According to Snohomish County records, the new owner of the property is TEC HOLDINGS 91 LLC. While information about the LLC leads to attorney and investment companies, the listed taxpayer on the property is Rainier MH Parks LLC. Rainier MH Parks LLC is also listed as the owner of a mobile home park in Yakima, WA.
There is currently one home listed for sale at the park. It is listed for $85,000 and notes a $500 per month lot rental fee.
It is unknown what the future holds for Young's Mobile Home Park. The new owner may intend to continue to operate the property as a mobile home park or they may have future redevelopment plans. Redevelopment of a different use use would require a comprehensive plan amendment to change the zoning.
Earlier this year there was a house fire at Young's Mobile Home Park that killed a woman and her cat.