Mobile Home Park Details

Purchase Method: New Loan
Listing ID: 481401
Posted On: Nov 3, 2014
Updated On: Oct 23, 2023

Description

Mead Royale is a 216 space family park located in Mead, WA (just 10 minutes from Spokane, WA). The property covers approx. 40 acres and contains a clubhouse/pool. Rents range from $320-330, all going to $330 by the end of 2014, according to their anniversary date. The park is metered and serviced by public water . Tenants are responsible for water/garbage/electric charges. The on-site manager has been working for the park for over 25 years. Compensation includes salary and use of park owned home+ utilities.

Location

Mead is a suburb of Spokane and lies in Spokane County, access to the property is right off I-90 and is 92 miles south of the Canadian border, approximately 20 miles from the Washington–Idaho border, and 232 miles east of Seattle. The City of Spokane is home to 195,500 residents; there are around 418,000 residents in the metropolitan area and is the second largest city in Washington.

Spokane's economy has traditionally been based on natural resources, being a center for mining, timber, and agriculture; however, the city's economy has diversified to include other industries, including the high-tech and biotech sectors. Spokane is known as the birthplace of Father's Day, hosted the first environmentally themed World's Fair, Expo '74, and is home to Gonzaga University and Whitworth University.

Spokane is located in the heart of the Inland Northwest, and it serves as a shopping, entertainment, and medical hub for an area that includes Eastern Washington, Eastern Oregon, North Idaho, Western Montana, and southern portions of Alberta and British Columbia.