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*

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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

Video

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