Listing ID: 1973256
Sold For: $3,600,000
Status: Closed
Address: 1649 S Campbell Street
City: Airway Heights
State: Washington
Postal Code: 99001
Acres: 4.046
County: Spokane
Airway Heights
WA
99001
Check Out This Awesome 36 Unit Mobile Home Park In Airway Heights, Washington. 4.05 Acres Including 33 Great Park Owned Units, 1 Mobile Space Rental, 2 RV Space Rentals. $513,900 Gross Proforma Income, $389,200 Net Proforma Income And 9.73% Proforma Cap Rate. $362,280 Actual Gross Income, $262,580 Actual Net Income And 6.60% Cap Rate. Extremely Low Current Rents With Unlimited Potential To Increase The Gross Income. Close To Parks, Shopping, Spokane International Airport, Restaurants, Casinos And Spokane Metropolitan Area.
Primary Features
County:
Spokane
Price Before Reduction:
4500000
Price Reduction Date:
2023-07-18T06:20:01+00:00
Property Sub Type:
Commercial Industrial
Property Type:
Commercial Sale
Subdivision:
Airway Heights
Interior
Building Area Units:
Square Feet
Living Area Units:
Square Feet
External
Elevation Units:
Feet
Lot Size Square Feet:
176234
Lot Size Units:
Square Feet
MLS Lot Size Source:
Ticor Title Company
Structure Type:
Manufactured House
Style Code:
72 - Mobile Home Park
Location
Country:
US
MLS Area Major:
561 - Spokane County
Zoning Jurisdiction:
County
Additional
First Right Of Refusal:
no
Free And Clear:
true
Mls Status:
Sold
Offers:
Seller intends to review offers upon receipt
Preliminary Title Ordered:
yes
Show Map Link:
yes
Financial
Buyer Financing:
Deed of Trust
Cap Rate:
9.73
Gross Adjusted Income:
513900
Net Operating Income:
389200
Other Expense:
124700
Possession:
Closing
Sale Type:
MLS
Seller Disclosure:
Provided
Special Listing Conditions:
None
Total Expenses:
124700
Zoning Info
Area Info
Based on information submitted to the MLS GRID as of Saturday, March 23rd, 2024 10:36:18 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Data services provided by IDX Broker