Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.7%
- Listing ID: 1958488
- Posted On: Dec 19, 2022
- Updated On: Mar 20, 2023
Description
Excellent opportunity to own an income producing, 8 space mobile home park in Deer Park. This park offers plenty of potential for a new buyer to maximize this investment. 5 tenant owned spaces and 3 park owned homes. 9.8% CAP rate on proforma. City water and sewer. Each space is individually metered and has 200 AMP power. Tenant pays power and garbage. Deer Park is a growing community in close proximity to Spokane, WA. 4 space mobile home park about 15 minutes up the highway for sale as well by the same seller and can be purchased together. The seller prefers owner finance, attractive terms for a buyer available, contact listing agent for more information. Park owned homes are sold as-is.
Location
Traveling North on Hwy 395 from Spokane. Exit into Deer Park at second round about. Take a left on N Fir st, property will be on the left.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 8 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $418 |
| Size: | 1 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $60,000 |
| Operating Expense: | $13,772 |
| Net Operating Income: | $46,228 |
| Expense Ratio: | 23.0 % |
Lot Information
| Singlewide Lots: | 8 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $550 |