Contact Information
Saundra Price
License: WA#: 106415 OR#: 201216252
Northwest Park Brokerage
Mobile Home Park Details
- Price: $7,100,000
- Purchase Method: Cash, New Loan
- Cap Rate: 5.6% (Actual)
- Listing ID: 7081376
- Posted On: Sep 15, 2026
- Updated On: Sep 15, 2026
Description
Mountain View & Mead Mobile Home Communities offer the opportunity to purchase two adjacent all-age manufactured housing communities located in Mead, Washington. The combined offering includes 70 manufactured home spaces plus one single-family residence across two neighboring properties in Spokane County.
Mead Park, located at 3925 E Farwell Road, contains 49 tenant-owned manufactured home spaces and one single-family home. Mountain View Mobile Home Community, located at 3920 E Center Road, contains 21 tenant-owned manufactured home spaces. Both properties lie next to each other, creating operational efficiency and a strong combined community presence.
The properties are positioned on approximately 11.89 acres and are serviced by city water and private septic systems. The communities were originally developed in the late 1970s and serve the Mead / North Spokane residential market.
The adjacent layout provides a new owner with the ability to manage both communities under one operating platform. Shared management, maintenance, leasing oversight, and on-site operations may create efficiencies compared to operating two separate non-adjacent assets.
The offering also includes potential upside through continued rent growth, operational improvements, and possible additional use of underutilized land. Mead Park includes an interior area that may allow for approximately 7-8 additional home sites depending on final site planning, setbacks, and applicable approvals. Another potential strategy may include a secure gated dry storage area for tenant vehicles, RVs, boats, or outside storage demand.
Location
Mountain View & Mead Mobile Home Communities are conveniently located approximately 10 miles north of downtown Spokane, with access to regional transportation corridors and the broader Spokane County employment base. The properties benefit from Mead's suburban setting, proximity to Spokane, and continued long-term housing demand across the Inland Northwest.
Amenities
- Storage
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 70 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1971 |
| Average MH Lot Rent: | $700 |
| Size: | 12 acre(s) |
Financial Information (Actual)
| Gross Income: | $541,976 |
| Operating Expense: | $141,627 |
| Net Operating Income: | $400,349 |
| Expense Ratio: | 26.1 % |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |