Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 17.2%
  • Property ID: 1719458
  • Posted On: Jul 22, 2022
  • Updated On: Oct 3, 2022

Property Description

Awesome Income and Investment Opportunity! 1.7 Acre 33 Unit Motel and RV Park in Sprague, WA. OWNER FINANCING AVAILABLE! Features Include 10 Room Motel (9 Rooms Plus 1 Manager Unit), 13 Current RV Spaces With 10 Additional Under Construction To Be Completed August 2022. Motel Rooms Include Singles, Doubles, Triple and Quadruple Rooms! Full RV Hook-ups With Water/Sewer/Power to All 23 Spaces. $306,000 Yearly Gross Proforma. $48,000 Yearly Expenses. 17.2% PROFORMA CAP RATE! 1/2 Miles to Interstate-90, 37 Miles to Spokane. Low Motel Space Rents. Don't Miss Out On This Great Opportunity To Own a Profitable Motel & RV Park Investment!

*Shown By Appointment Only Through Listing Broker*
*Motivated Seller Will Look At All Offers**

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Park Information

Community Type: All Age
Size: 2 acre(s)

Financial Information (Pro Forma)

Gross Income $306,000
Operating Expense $48,000
Net Operating Income $258,000
Expense Ratio 15.7 %
Debt Info

RV Information

Number of RV Lots: 13

Utility Information

Water: City
Sewer: City

Video

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