Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.7%
  • Listing ID: 1719461
  • Posted On: Jul 22, 2022
  • Updated On: Dec 19, 2023

Description

Check Out This Awesome 36 Unit Mobile Home Park In Airway Heights, Washington. 4.05 Acres Including 33 Great Park Owned Units, 1 Mobile Space Rental, 2 RV Space Rentals. $513,900 Gross Proforma Income, $389,200 Net Proforma Income And 9.73% Proforma Cap Rate. $362,280 Actual Gross Income, $262,580 Actual Net Income And 6.60% Cap Rate. Extremely Low Current Rents With Unlimited Potential To Increase The Gross Income. Minutes To Fairchild Air Force Base Employing 5,200 And New Amazon Distribution Center Employing 4,000. Close To Parks, Shopping, Spokane International Airport, Restaurants, Casinos And Spokane Metropolitan Area. 513,000 Population In Spokane County. 3,500 Sq.Ft. Warehouse Which Sits On .53 Acres Located In The South East Corner Of The Park Also For Sale For $499,900 Off Of S. Russell St. Don't Miss Out On This Rare Opportunity To Own A Great Park With Huge Potential!

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Park Information

Community Type: All Age
Size: 4 acre(s)

Financial Information (Pro Forma)

Gross Income: $513,900
Operating Expense: $124,700
Net Operating Income: $389,200
Expense Ratio: 24.3 %

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Video

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