702 N Florence Ave - Manufactured Housing/Mobile Housing FOR SALE


Sandpoint, ID 83864- Bonner
$3,000,000 USD
208-217-8585
702 N Florence Ave, Sandpoint, ID for Sale
$3,000,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/4
null | Request Cap Rate

702 N Florence Ave
Sandpoint, ID 83864
Bonner


HIGHLIGHTS

  • 12 contiguous city lots located in an opportunity zone
  • 17 Units - 9 owned
  • 100% occupancy

OVERVIEW

Turnkey 17-space mobile home park in the heart of Sandpoint, offering immediate stability, full occupancy, and future upside. Owner-operated and meticulously maintained for over 30 years, this is a rare opportunity to acquire a clean, well-run park with a strong track record. The property includes 17 total units, with 9 owned units, and a reliable tenant base of long-term residents. The park is fully occupied, providing consistent in-place income with clear potential for increased returns. Situated on 12 contiguous city lots spanning approximately one acre, this property offers a unique blend of stability today and development potential for the future. Zoned RM (Residential Multi-Family), the site allows for increased density and expansion, giving investors the flexibility to continue operating as-is, improve for increased income, or explore redevelopment over time. Additional features include on-site storage buildings, one equipped with water, sewer, and power—further supporting value-add opportunities. Attractive seller financing terms are available, creating a compelling opportunity for buyers seeking flexible acquisition options and the ability to enhance overall returns. Located within an Opportunity Zone, this asset presents potential tax advantages while positioning investors to benefit from continued growth in one of North Idaho’s most sought-after markets. Assets combining full occupancy, scale, and redevelopment flexibility in this location are exceptionally rare. Sandpoint continues to attract investors and residents alike with its proximity to Lake Pend Oreille and Schweitzer Mountain Resort, strong demand for housing, and limited in-town inventory. As population growth and housing demand remain steady, properties like this offer both immediate stability and long-term upside.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$71 USD /SF

# OF UNITS

17

PRICE/UNIT

$176,471

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

17 Spot Mobile Park, Stable Income, Prime San

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

RM Opportuity Zone

APN/PARCEL ID

RPS0500004013AA

ASK ABOUT THIS PROPERTY

Katlyn KrystinakKeller Williams SpokaneMore Info
208-217-8585

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Katlyn KrystinakKeller Williams SpokaneMore Info
208-217-8585

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