Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.5%
- Listing ID: 470553
- Posted On: Sep 12, 2014
- Updated On: Feb 27, 2015
Description
CASH FLOW OPPORTUNITY!! The savvy investor will appreciate the fact that the assets are being offered at an attractive CAP rate based on stabilized rents. These are 1.5 star mobile home parks in a developing area close to new businesses, including the West Spokane Industrial Park.
Airway Heights, Washington was incorporated in 1955. The city, located in Eastern Washington just six miles west of Spokane, is a dynamic, growing city with business, recreation, and housing opportunities. A substantial portion of the legal expenses is due to the owner's legal fees associated with Proposition 1 which was defeated by the voters.
In support of the City of Airway Heights Comprehensive Plan, the Highway SR 2 Revitalization committee is dedicated to involving the community in developing a business corridor that is vibrant, appealing and pedestrian friendly for residents, as well as visitors that utilize it daily.
Park Information
Community Type: | All Age |
Number of MH Lots: | 90 |
Year Built: | 1982 |
Size: | 11 acre(s) |
Utility Information
Water: | City |
Sewer: | Septic |