Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 11.6%
  • Listing ID: 3327929
  • Posted On: Jul 8, 2023
  • Updated On: Apr 22, 2024

Description

FLEXIBLE OWNER FINANCING WITH LARGE DOWN PAYMENT, PRICED TO SELL. ***2023 “Actual” Financials; Gross: $767,037, Net: $461,898, Cap: 11.6%. ***2024 Proforma Numbers (5% Increase); Gross: $805,389, Net: $484,993, Cap: 12.1%. 51 Unit All Seasons Mobile Home & RV Park And Motel On 4.17 Acres. This Includes 15 Park Owned Single Wides And One Park Owned Double Wide, 10 RV Spaces, One Single And 23 Double Room, Motel. 2,400 Sq Ft Warehouse, And Used Car Lot. Commercial Zoned C1-A. Redevelopment Potential For Retail, Office, Motel, Automotive Center, Restaurants and More! Maximum Building Height of 45'. Buyer and Buyers Agent To Verify Development Applications. City Water And Sewer. Recent Upgrades: $40,000 Roof On Hotel And 10 New RV Spaces Added In 2016, $300,000 New Sewer Line and Hookups to Motel And Mobile/RV Units In 2017/2018, $25,000 Road Upgrade in 2023. Adjacent Vacant Lot Available For $599,900. Close To Fairchild Air Force Base, Spokane International, And New Amazon Facility.

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Park Information

Community Type: All Age
Year Built: 1955
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $767,037
Net Operating Income: $461,898

Lot Information

Singlewide Lots: 15
Doublewide Lots: 1

RV Information

Number of RV Lots: 10

Utility Information

Water: City
Sewer: City

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