3418 S Spring Creek Ln
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3418 S Spring Creek Ln
25 Unit Mobile Home Park £2,059,406 (£82,376/Unit) 7.38% Net Initial Yield Spokane, WA 99224
Investment Highlights
- Low Vacancy Rate
- High traffic location
- 2 single family homes
- Location! Location!
- 22 RV parking slabs
- Rated top RV park in the area year after year
Executive Summary
22 space, high demand park backing to a beautiful pond in a high traffic Spokane location. 10 minutes from downtown. The park has city water and sewer, power to every lot with little to no vacancy ever. In addition to the 22 space park, there is also a 3 bedroom home plus a 1 bedroom home, both newer or newly remodeled. There's also a 24'x24' shop! Rated the top RV park in the area year after year. There is typically a wait list for any open spaces.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £2,059,406 | Building Class | C |
| Price Per Unit | £82,376 | Lot Size | 8.76 AC |
| Sale Type | Investment | Building Size | 2,000 SF |
| Net Initial Yield | 7.38% | Average Occupancy | 100% |
| No. Units | 25 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 2009 |
| Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 25/1,000 SF |
| Apartment Style | Single Family Home |
| Price | £2,059,406 |
| Price Per Unit | £82,376 |
| Sale Type | Investment |
| Net Initial Yield | 7.38% |
| No. Units | 25 |
| Property Type | Residential |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 8.76 AC |
| Building Size | 2,000 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 2009 |
| Parking Ratio | 25/1,000 SF |
Site Amenities
- Picnic Area
- Rubbish Collection - Kerbside
- Wi-Fi
- Pond
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 24 | £1,079 | 100 - 540 |
| 3+2 | 1 | £1,584 | 1,528 |
1 of 1
zoning
| Zoning Code | R-1 |
| R-1 |
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3418 S Spring Creek Ln
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