4015 E Rowan Ave Spokane, WA 99217

Listing agency SVN | Cornerstone j***@svn.com Show Phone

Listed by Jordan Lester, CCIM, MBA · License #WA #21008495 Show Phone

Source Svncornerstone

Added: Jun 25 Updated: Jul 21 at 12:43PM Checked: Jul 22 at 5:40AM

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Investment Insights

Based on property information with market context.

This offering is a four-unit mobile home park for sale in Spokane, Washington. The seller does not own any of the individual mobile homes; they own the park itself. The property is described as a value-add opportunity, with potential for rent increases tied to the existing long-term tenant base.

According to the provided pro forma, rent is projected at $500 per month per space. The pro forma also references charging utility billbacks as part of the operating structure.

The submitted financials indicate a 10.06% cap rate on the pro forma assumptions. Buyers should review the underlying income and operating details and confirm all ownership and utility billing arrangements prior to closing.

Key Highlights

• 4‑space mobile home park with long‑term tenants
• Seller owns the park infrastructure only; seller does not own the mobile homes
• Pro forma rent: $500/month per space

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FAQs

What type of property is this?

Mobile home & RV park - Four-space mobile home park with long-term tenants; seller owns the park infrastructure only, not the mobile homes.

Where is this mobile home & rv park located?

The property is located at 4015 E Rowan Ave Spokane, WA.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: 4‑space mobile home park with long‑term tenants; Seller owns the park infrastructure only; seller does not own the mobile homes; Pro forma rent: $500/month per space