373 Mill Rd - Manufactured Housing/Mobile Housing FOR SALE


Mullan, ID 83846
$1,000,000 USD
209-208-4766
373 Mill Rd, Mullan, ID for Sale
$1,000,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/10
null | 8.8% Cap Rate

373 Mill Rd
Mullan, ID 83846


HIGHLIGHTS

  • Mountain Views
  • Close to Popular Ski Resort and Historic Wallace
  • In City Limits/ City Water & Sewer
  • One of Fastest Growing Regions in the Country

OVERVIEW

Prime investment opportunity located in the city limits of Mullan, Idaho. Just under an acre, this mobile home/RV park is located in a quiet residential neighborhood with beautiful mountain views and just 10 minutes to Lookout Pass Ski Resort. This park was originally created in the 1950s to serve the nearby Hecla Lucky Friday mine and is grandfathered in a residential zone. The park was re-opened in July 2023 and expanded from 3 to 13 spots. On-site sewer and water systems were completely upgraded and new power infrastructure and separate power meters to each lot were also installed. 100% occupancy. Park two one of the mobile homes, all others are tenant-owned. Tenants pay for their individual electric cost. Sewer and water service is provided by the City of Mullan at a low cost. The mine is still operational and many tenants work for the mine. Very low maintenance property with city plowing and maintaining the streets around the perimeter of the property. Oversized spaces could easily accommodate tiny homes. Will pay 2% to buyer agents.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$27 USD /SF

# OF UNITS

14

PRICE/UNIT

$71,429

CAP RATE

8.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Mullan Village

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

36,852 SF

ZONING

Residential

APN/PARCEL ID

A00000344630

ASK ABOUT THIS PROPERTY

Courtney FriehCourtney FriehMore Info
209-208-4766

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Courtney FriehCourtney FriehMore Info
209-208-4766

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