Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 15.2%
- Listing ID: 1938860
- Posted On: Nov 23, 2022
- Updated On: Nov 30, 2022
Description
Awesome Income and Investment Opportunity! 1.7 Acre 33 Unit Motel and RV Park in Sprague, WA. FLEXIBLE OWNER FINANCING AVAILABLE! Features Include 10 Room Motel (9 Rooms Plus 1 Manager Unit), 23 Current RV Spaces. 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. 15.17% 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*
*Please Call Listing Broker For Showings*
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
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 % |
RV Information
| Number of RV Lots: | 23 |
