1649 S Campbell Street, Airway Heights, WA 99001

$3,600,000

Listing courtesy of Real Estate 2000 Inc.. Selling Office: Real Estate 2000 Inc..

Sold Price
$3,600,000
List Price
$3,999,900
Status
SOLD
MLS#
1973256
Closing Date
Dec 19, 2023
Days on Market
326

Property Description

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.

Additional Information

Community
Airway Heights
Style
72 - Mobile Home Park
Potential Terms
Cash Out, Conventional
Driving Directions
Head east on US-2 E toward S King St Turn right at the 3rd cross street onto S Campbell St Destination will be on the left
Other Expenses
124700
Net Operating Income
$389,200
Gross Adjusted Income
$513,900
Cap Rate
9.73
Total Expenses
$124,700
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