- – beds
- – baths
- – sqft
- ~1 acre lot
- – on site
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.
Last checked:
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Checking…
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Last updated Jun 27, 2025
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MLS# 202519511 —
The Building
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Year Built:9999
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Construction Materials:Steel Frame, Vinyl Siding, Siding
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Structure Type:Manufactured House
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Stories:1
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Roof:Metal
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Basement:None
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# of Units Total:9
Financial & Terms
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Listing Terms:Conventional, Cash, Owner Financing
The Property
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Property Type:Residential Income
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Property Subtype:Rental
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Road Frontage Type:Paved Road, City Street
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Lot Features:Level
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Lot Size SqFt:44,867 Sqft
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Lot Size Acres:1.03
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Parcel Number:0488600
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Additional Parcels:false
Listing Agent
- Contact info:
- Agent phone:
- (509) 981-3235
- Office phone:
- (15) 092-9475
Taxes
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Tax Annual Amount:$1,742.52
The Listing
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Virtual Tour URL:
Appliances
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Appliances:Range, Dishwasher, Refrigerator, Microwave
Schools
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Elementary School:Springdale
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Elementary School District:Springdale
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High School:Mary Walker
The Community
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Association Amenities:None
Parking
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Parking Features:Off Site
Extra Units
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Other Structures:Shed(s)
The information being provided by Spokane Association of REALTORS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.
©2025 Spokane Association of REALTORS All rights reserved.
Based on information submitted to the MLS GRID. 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.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/27/25
Jun 27, 2025
|
Listed / Active | SARMLS | $771,000 | 192.0% (10.5% / YR) |
4/4/07
Apr 4, 2007
|
SARMLS | $264,000 |