Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.4%
  • Listing ID: 69149
  • Posted On: May 3, 2011
  • Updated On: Nov 8, 2012

Description

Full package available to qualified buyers.
Owner occupied homes only.
33 developed lots with room for add'l lots, all of which would have an unobstructed territorial view, on 15.5 acres of flat to gently terrace overlooking countryside views. Riverside school district (all grades) is located immediately across the highway and the Park is within 1/2 block walking distance from services such as grocery, dental, gas station, fire station, and automotive repair.
Natural gas is available to all homes in the Park. All utilities underground. The Park has eleven 1,500 gal double chambered septic tanks to serve the tenants and water is provided by class "A" water system owned and operated by the local PUD. Homes are all sub-metered and tenants pay for their individual water usage. A 1/2 mile drip line irrigation system was put in place to water over 75 new trees which were strategically placed to enhance Park landscape, as well as the professional removal of weak or diseased trees.
Approximately 3/4 of a mile of paved drives that have had extensive asphalt patch and repair, crack seal and seal coat work performed. Speed bumps were also installed to help enforce the strict speed limit. The Park is lit by upgraded street lights, and all Park buildings are lit with motion sensor lighting .
All lots are laid out to easily accommodate double-wide manufactured homes and still have large country sized spacing. Large green belts separate the backs of each home lending to country atmosphere. The Park has provided new, all wood 8X12 storage buildings for each tenants use, and the Park requires storage of outdoor items within the sheds when not in use. Rents, adjusted only once in 8 years, are substantially under market.
Park Owner is a licensed Washington State Real Estate Broker.

Location

Located in Chattaroy, Washington, an easy 20 minute highway drive north of Spokane in the community locally known as Riverside.

Amenities

  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 32
Total Occupancy: 100.0 %
Average MH Lot Rent: $250
Size: 16 acre(s)

Financial Information

Debt Info: Financial Info available to qualified buyers

Lot Information

Doublewide Lots: 33

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Septic

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