105 E Aspen Ave - Manufactured Housing/Mobile Housing FOR SALE


Springdale, WA 99173
$771,000 USD
509-981-3235
105 E Aspen Ave, Springdale, WA for Sale
$771,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/16
null | 12.3% Cap Rate

105 E Aspen Ave
Springdale, WA 99173


OVERVIEW

Excellent MH park investment opportunity offering a 12.3% CAP rate from 9 income-producing units, with room to add a 10th. Current gross income is $10,310/month, with projected 2025 NOI over $90K and potential for growth. Located just minutes from Loon Lake and 30 minutes to North Spokane, this quiet, nicely treed setting feels private while offering easy access from the main road. Each home includes a shed, yard and ample parking, and tenants enjoy public water/sewer and a peaceful community feel. Most tenants are long-term with low turnover, and on-time payments. Recent improvements include two fully remodeled units, several others with major updates, and most have had ducts cleaned and sealed for energy efficiency. The open 10th site offers potential for an additional rental, on-site manager’s unit, or shop. Seller has been updating units before filling vacancies. Do not visit or disturb tenants. Showings by appt after mutual acceptance.

FOR SALE DETAILS

PRICE

$771,000 USD

PRICE/SF

$51 USD /SF

# OF UNITS

10

PRICE/UNIT

$77,100

CAP RATE

12.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

-

APN/PARCEL ID

0488600

ASK ABOUT THIS PROPERTY

Lara RamsayAmplify Real Estate Services, LLCMore Info
509-981-3235

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Lara RamsayAmplify Real Estate Services, LLCMore Info
509-981-3235

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.