Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 12.0%
- Listing ID: 15511
- Posted On: Aug 17, 2010
- Updated On: Jun 19, 2013
Description
Established Mobile Home Park (since 1955)
in a residential area in one of the fastest growing town in
Washington State. Airway Heights is only minutes from
Downtown Spokane, with one of the most popular casino in
state, Super Wal-mart, movie Theater, International Airport,
Fairchild Air Force Base and many franchise stores. The park
has two single homes, 2 Duplexes with two X 2BR
units, shop/garage and 15 mobile home units,
all park owned (plus 3 additional space/units for more potential income). Many units have new windows, water heater,
carpet installed. Mobile Home Park is also located blocks
from City Hall, library, Police Station, grocery store, park
and school. Owner may carry partial OAC. See attached documents for more information. Cap analysis report and rent income summary included.
Call (509)499-4313 for information.
Location
Airway Heights is only minutes from Downtown Spokane, the second largest city in Washington State. Easy access to major freeways and transportation. Expanding area with more businesses moving in and population growing. Great school district. Eastern Washington University, Air Force Base near by.
Amenities
- Laundromat
- Storage
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 21 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1955 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $126,840 |
| Operating Expense: | $37,590 |
| Net Operating Income: | $77,200 |
| Expense Ratio: | 29.6 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 21 |
| Average Rent for Park-owned Homes: | $505 |